Category: Real Estate Investment

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Investing in Vacation Rental Cabins Builds Wealth and Peace of Mind

There are many options to choose from in the vacation rental cabins

The Loft Blog Team is doing a series of investment newsletters. Our first topic is vacation rental cabins. Be sure to share what you think in the comments. This type of investment shows great returns. Some cabins rent out for up to $1,500 per day or more, and are within 1-2 hours of driving distance from L.A. or closer.

Rental property of any kind are often some of the best investment, but investing in a cabin rental has a particular appeal. As of 2019, 82% of the North American population lived in cities. The urban population is enormous and continues to rapidly grow every year. The growing popularity of nature retreats makes a cabin rental investment an enticing endeavor.

The biggest perk of owning a vacation cabin is simple: You make money. Dozens of other vacation rental sites exist, opening the door to even more earnings if you play your cards right. Having a vacation rental means you get to vacation there, too. Use the property for your friend’s bachelor party, host a girls’ weekend, take your kids for a summer vacation, or host the annual family reunion. Quick tip, just like you want to buy your home where you want to live, make sure you buy your vacation rental cabin where you want to visit more than once.

According to a recent analysis conducted by the short-term rental analytics website AirdDNA, Tennessee’s Gatlinburg and Sevierville are two of the best places to invest in vacation rentals in 2021. These two mountainside towns rank in the top five most dependable large market areas in the US, resisting the challenges of the 2020 pandemic and still attracting millions of visitors.

A vacation cabin can be a great way to build long-term wealth and ensure you have healthy finances upon retirement. Sell it and use the cash to cover your future costs of living, travel, healthcare, and more. Or keep it and enjoy the relaxing retirement you’ve always imagined. Either way, you win. Thinking about these options owning gives you down the road won’t make it feel like you are narrowing your investment options.

In our own local market, you can find investment vacation cabins at Big Bear Lake. Big Bear Lake draws vacationers from five densely populated areas – Los Angeles, Orange County, San Diego, Palm Springs, and Las Vegas. Proximity to these highly populated areas creates a steady flow of vacationers. You don’t have to be a millionaire to invest in a vacation rental home. Based on your current financial situation, you can invest in vacation rental properties ranging from tiny cabins to luxury lakefront estates.

Vacation rental properties can be a good way to earn a consistent income and build long-term wealth. But they also come with a number of expenses and drawbacks. Before you invest in a vacation rental, study up on local rental regulations, research the audience and market you’re buying in, and make sure you have the time and resources to make your investment a success. Remember the sage advice of the Motley Fools, invest in things you understand. #rentalcabininvestment #entarispowerful

Neighborhoods are passing new restrictive rules, so it is imperative that investors and owners are informed about how to adhere to new policies, laws, ordinances and city codes. Get a free report, along with a list of short-term rental cabins for sale. Fill out the online form:

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A getaway cabin that pays you back

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.

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Trammel Crow, Master Builder

The Story of America’s Largest Real Estate Empire by Robert Sobel — BOOK SYNOPSIS, REVIEW AND NOTES

This expensive book was brandished as one of the top go-to books in the office of Gary Keller. It’s a powerful business-oriented biography of the founder of America’s largest real estate empire, Trammell Crow. He created many of the most notable real estate projects in the United States during the sunbelt boom decades of the 1950s to 1980s, making him the most successful commercial real estate developer of our time, and one of the wealthiest men in the world.

Trammel Crow, Master Builder takes you behind the scenes and back to the birth of the company, now part of commercial real estate giant CBRE. The book traces the company’s meteoric, challenging rise. Unliked most biographies, it includes a great deal of educational analysis of the managerial methods developed by Crow. and his company, while it reveals the personality and philosophies that led to one of the most successful business operations in history.

Crow added significantly to the skylines of Dallas, Atlanta, San Francisco and many other cities of the West Coast and South. The book explains how he transformed his one-man operation into a modern global corporation. This biography is jam packed full of field-proven business tactics and strategies for entrepreneurs in the commercial real estate industry. Here are some of Trammel Crow’s success principles:

  1. Whatever your industry, learn accounting first!
  2. Put yourself into the right place at the right time. Go where the money is — and the growth.
  3. Partner with extremely honest and capable people. Reward them exceptionally well for their contributions.
  4. Always turn failures into successes, or make them stepping stones to bigger success.
  5. Work in a big and growing industry.
  6. It’s OK to hire young, inexperienced if they have brains and character.
  7. Continuously reduce overhead, streamline operations and reduce bureaucracy.
  8. Do not dilute shares of original partners.
  9. Don’t Tinker with an old Golden Goose.
  10. Always have cash on hand to buy under-valued properties. Sell them when opportunities are ripe, when the market for them improves. 
  11. Always be ready to take advantage of changing markets,  changing economy and changing government regulations. 

It’s no wonder that this is a favorite of Gary Keller, founder of Keller Williams. This book reads like a biography, but also as a practical how-to for building a real estate empire. It’s a pricey oldie, but goodie classic with timeless, priceless property industry principles.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.