How is the vacation rental market currently?

I have a client that is starting to do vacation rental, and it seems like a good idea.  How has your success been?  Has it slowed at all recently?
Sincerely,
Jack Murray
Broker~Associate
Prudential California Realty
415-664-0800
  • Question refers to 449 Buena Vista Ave E, San Francisco, CA 94117
  • January 11 2009
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Answers (1)

Profile picture for ThomBombadil
I have only been doing it since March. It is much more work than advertising and showing a long term rental every few years. If you have a nice place in an iconic SF location (great view, or well known neighborhood, etc.) I think you can expect to keep it rented if you are right on the rates. ROI is, of course, a joke in SF unless you have 4 or more units in your building, and negative cash flow is a given if you have a mortgage with over 50% LTV. We hope to remodel the house and move back  in a couple of years, and this would not be possible if we had tenants due to the peculiar nature of rent control here (after occupancy day 29 all tenancies are for life, payment of rent is optional.)
  • January 13 2009
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