Vacation Home Masters - Best Practices for Management, Ownership & Renting

Large Vacation Homes Management Unique Problems EP1


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We have seen a surge of large vacation homes being constructed recently. In Orlando, Florida we see seven or more bedrooms are now common with many vacation homes now having 10 to 12 bedrooms and even as many as 14 bedrooms. We look at why would someone want to own such a large vacation home. If a large vacation home is solely for your own use and you can easily afford it is one thing, but if you are buying it and plan on renting it out then these McMansion vacation homes have unique characteristics you must be aware of before you purchase and know how to properly calculate ownership costs over the long run.

In a market like Orlando, we contend it is possible to rent out such homes with some degree of success, but with time and as the home depreciates the returns can get more and more challenging if not accounted for from day one. Also, large homes can present logistical operational problems due to their sheer size.
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Vacation Home Masters - Best Practices for Management, Ownership & RentingBy Gary Glass