Vacation Property Rental Agent

Startup Costs: $2,000 - $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? Yes
Online Operation? Yes

If you live in a busy tourist area, there is probably a good chance that you can flourish by starting and operating a vacation property rental agency. It is not uncommon for people to purchase vacation homes and condominiums with plans to rent them either part or all of the year to tourists, to help offset the costs of financing, maintenance, taxes, insurance, and utilities. Unfortunately, rental income often fails to materialize, since many property owners don't understand how much time and work is involved in renting the properties'marketing, booking, cleaning, making repairs, and a lot more. Not to mention that most owners are sometimes hundreds'if not thousands'of miles away. As a result, many vacation properties sit vacant when not being used by their owners. This creates a terrific opportunity to rent these properties for the owners on a revenue-splitting basis. In addition to marketing and renting the properties, you will also be responsible for cleaning and light maintenance to ensure that they stay in tiptop condition and attract top dollar when they are leased. Start small, representing one or two vacation property owners, and run the service from home. As the business grows, so too can your time commitment until you are at the point of operating a profitable full-time business. The same business concept can also be applied to recreational vehicles and boats, if that piques your interest.

The Market

Absent property owners who would like to have their properties rented out, but do not have the time or the expertise to manage renters.

Needed Equipment

A computer and For Rent signs with your phone number emblazoned on them. Also, a scheduling book that will help you keep track of when renters are moving in and when their lease is up.

Vacation Property Rental Agent Ideas

Commercial Real Estate Agent

Help businesses find the perfect location to grow.

Real Estate Photo Service

Capture your passion for photography and architecture in a few snaps.

Mobile Home Broker

Use your broker skills to get this low-cost startup idea on the go.

More from Business Ideas

Starting a Business

How to Crack the US Market — Startup Growth Secrets for 2024

A startup's expansion into a new market is exciting, but it also entails risks.

Business Ideas

Tech-Savvy or Not, Here's Why Businesses Must Embrace Automation Now

AI is the servant — not the master — when it comes to future-proofing small and medium-sized businesses against inevitable change.

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.