Popular vacation destinations have no shortage of vacation rentals available for rent – which means it can be very difficult for new owners to break into the business.
Yet Jim and Patty Tolotta managed to earn $33,874 in their very first year of owning their Orange Beach property. That’s an amazing first year income for a 2-bedroom condo on the Gulf Shore! They actually out-earned the majority of their competition, and they scarcely needed to lift a finger to do it.
In fact, Jim says all he needs to do is pay the taxes and the mortgage – the rest of his vacation rental strategy takes care of itself.
Click through to read Jim and Patty’s story and discover how they managed to break into a location with an overabundance of vacation rentals without disrupting their own busy lives or paying the absurdly high property management fees for the area.
Want to see how owners are earning double, triple, and even quadruple the average income for other areas? You can see all our recent case studies here, with stories from Hawaii, Lake Tahoe, Cape Cod and more!