I recently read a MSN article on vacation rental markets, http://realestate.msn.com/10-hottest-vacation-real-estate-markets, and wanted to discuss an important topic. When reading real estate blogs for investment advice, it's very important to remember most of these articles are written to be more general. In order to appeal to a broader audience, the writer typically focuses on discussing real estate trends on a national level. The biggest drawback to this approach is they focus on article topics which generate hits to boost their advertising banners and therefore revenues. There is nothing wrong with the big national real estate blogs. I read them all the time, but it's important to understand they only tell a part of the story. Have you ever noticed that the major real estate blogs rarely provide you with information you can actually use? That's because their content is too generalized to allow people to make solid real estate investments in localized real estate markets. It's true that real estate is influenced on a macro level, but it is critical that it be analyzed at the local level.
Amit Gupta
Amit Gupta
Principal Partner,Specializing in Real Estate Investments- University of Maryland, College Park, MD: MBA
- College of William and Mary: BBA
- Outer Banks Home Builders Association, Legislative Member
Amit has a Masters in Business combined with extensive experience in personal real estate investment and portfolio management. His research focuses on the future direction of real estate in North Carolina. Amit has helped SAGA Construction and its clients identify the forthcoming supply shortages of retirement and lifestyle communities in the coastal Carolinas, and the required medical and healthcare infrastructure to support these shortages. He is currently working to help develop one of the first fully integrated Continuum of Care Retirement Communities (CCRC's) in northeastern North Carolina. Amit is also involved with the acquisition and management of oceanfront rental investment homes on the Outer Banks. By consistently monitoring the rental market, and establishing close relations with property management companies, he has helped SAGA and its clients develop top income producing homes in the area. Amit is well versed in information technology and understands the importance of integrating such tools into the construction process. He strives to deliver the best real estate investment experience and value to our clients. In his free time, Amit enjoys playing tennis, and exercising at the YMCA. For relaxation, he enjoys movies and sporting events.
Blog Posts by Amit Gupta
2011
2011
What is the best way to rent and manage your home in the OBX vacation rental market?
- Seek the best rental management company.
- Use online websites like VRBO.com and HomeAway.com.
- Use your own webpage and post video tours and virtual tours.
And the answer is d; all of the above! You have to think outside the box, as the answer is not always from a list.
Although the Outer Banks rental market has been doing great on a macro level and each of these options will produce results, it’s the execution of all three that can lead to greater results. For example, we have an oceanfront home in the southern beaches that was projected to generate $175k annually by one of the premier rental companies in that area. I have no doubt this company would have met our expectations, but by investing a little bit of time and money we were able to have increased exposure from advertising on sites like VRBO, creating our own website www.VacationRentalsOBX.com, putting together a You Tube video and creating a virtual floor plan tour. Together this investment of about $1,500 helped to bring in rentals of over $195k. What’s the big deal?
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