What kind of company would we be if we didn’t highlight our birthplace every once in a while? While we are completely biased, we think the New Jersey & New York area are the best in the U.S. Since there are so many people that come to visit for vacation every year, we must not be the only ones that think that either! Investing in vacation rentals around these areas is a great investment – and if you do it right, you can quickly turn a profit. Here’s where we think the best potential is for investing:
New York City
This one should be pretty obvious. While competition is definitely high to get property around this city, it will be utilized by tourists and people on vacation almost constantly. If you aren’t able to keep up with a high turnover rate of renters, consider hiring a property management company that can (like us!).
With picturesque beaches and historical sites scattered throughout the area, this is a big tourist attraction. Vacationers looking to relax and stay away from the city will scour Long Island for available rentals!
Being one of the most entertaining cities in New Jersey means it earns a spot on our list of best vacation rental areas to invest in. There are tons of activities and areas to explore in this city, making it very attractive to vacationers.
As a big family beach-side attraction, Ocean City should definitely be on your list of places to check out in terms of investing. To take advantage of this area, search for some larger condos or apartments to rent out to vacationers because of its appeal to families.
Investing in vacation rentals is a great way to earn a profit relatively quickly – especially when you barely have to do anything to get it! CAB Group offers property management services to investors that don’t have the time or resources to keep up with their investments. With years of experience managing and maintaining rental properties across the New York and New Jersey area, we know how to appeal to vacationers to keep your rental filled.