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Have you ever considered purchasing a vacation rental, but you just don’t know where to start? Today’s guest, Erica Muller is the founder of Vrolio. Vrolio is a company that offers a platform for investors to buy and sell short-term vacation rental properties.
On this episode of Investing in Real Estate, Erica is sharing her insights into the world of vacation rentals. We’ll talk about short-term rentals as a niche, how the market has changed, and how to be successful as a short-term investor. If you’ve ever wondered how to begin investing in vacation homes, this episode is for you!
On this episode you’ll learn:
- Why short-term rentals are a great niche market.
- What a lifestyle investment is.
- How Vrolio helps investors.
- And much more!
Why Short-Term Rentals Are a Great Niche Market
Erica realized around the time of the market crash that vacation rentals had a steady demand. It seemed that there was a bubble of protection around this specific niche. There was a huge pool of buyers, along with a realistic exit strategy. Around this time, Airbnb launched. Short-term rentals quickly became the preferred way to travel for Millennials.
What a Lifestyle Investment Is
A vacation rental is known as a lifestyle investment. This is because it not only supports the investor with income, but it also allows the investor to use the property as a vacation home when they see fit! Erica says that most short-term rental owners use their vacation homes occasionally.
How Vrolio Helps Investors
Vrolio bridges the gap between investors and the vacation rental world by offering a marketplace where short-term rentals can be purchased and sold. Vriolio’s search engine can pull up hundreds of turnkey rentals with the click of a button. They also offer an interactive investment analyzer, a network, and educational tools to make the process simple and streamlined.
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