Vacation Rentals Benefit from Economy

While some people may not have enough money to go on vacation this year, due to job loss or unlucky investing, the vacation rental industry is seeing an overall growth. Why? Many vacation property owners are deciding to rent out their second homes to vacationers this year, when they haven’t previously.
According to HomeAway, Inc., the world’s largest online vacation rental marketplace, homeowners can average about $20,000 annually. The National Association of Realtors reports that there’s been a sharp decline in second home sales for the second year in a row, and even two thirds of vacation homeowners who won’t be …read more