Carmen and Jordan speak with bed and breakfast owner, Jason Clements, about his experiences of owning vacation properties, and the many advantages to investing in vacation rentals. During the discussion, Jason shares his motivation for getting involved in real estate and the vacation properties he and his wife run. He also describes the role of Airbnb and Vrbo in the process, the benefits of investing in vacation rentals, and then Carmen and Jordan share details of their experiences with short term rentals. They finish up by looking at the remarkable returns that Jason sees with his rentals, as well as the things to look out for when getting involved in this type of investment. As you will discover, vacation rentals can make you a lot of money, and Jason and our hosts are here today to show you how.

Episode Highlights:

Jason’s motivation for getting involved in real estate The bed and breakfast that Jason and his wife run Their cottage rental and how they market it and screen the guests The role that Airbnb and Vrbo play in the rental process The benefits of investing in a vacation rental Carmen and Jordan’s experience with short term rentals The returns from Jason’s rental Things to look out for when getting into vacation rental investing

Quotes:

“What I’ve found is 50% of my bookings come from Airbnb, and the other 50% come from Vrbo.”

“You can also leave reviews on guests.”

“There’s a lot of money to be made on vacation rentals.”

“I see it as a lot less headaches than the long term rentals that I’ve had in the past.”

“Canada-wide there are a lot of opportunities for us to get into this investment.”

Links:

30 Minutes to Wealth homepage: https://www.30minutestowealth.com/

Pro Funds Mortgages homepage: https://www.profunds.ca/