Lake of the Ozarks Vacation Rentals: investment property Lake of the Ozarks

Wednesday, March 1, 2017

Helpful Tips for Making Your Vacation Rental Investment a Success

Investing in a vacation rental property at the Lake of the Ozarks can be a great business opportunity. Yet many people don't realize the work and cost it takes to run a profitable vacation rental home. We've compiled a list of tips to make your lakefront home at the Lake of the Ozarks a successful investment opportunity.

Buy What You Can Afford

The biggest mistake a 2nd home buyer can make when buying investment property at the Lake of the Ozarks is depending on that property to bring in income to cover its own expenses. The majority of the Lake of the Ozarks vacation rentals see the most activity during the summer months and see very little activity out of season. This means very little to no income during that time.

On top of your mortgage payment, there will be the initial cost of staging the home for renter use. If you don't have additional furnishings already, your cost of staging can be quite costly. You'll have utility start up fees and recurring expenses. If you buy within a condo or homeowner's association, there will likely be monthly, quarterly, or annual assessments due. Some associations require amenity memberships in order for owners and guests to be able to use the amenities. Last but not least, there will be taxes, insurance, and maintenance expenses as well.

Will Your Property Entice Renters?

Your ideal vacation spot may be somewhere secluded, but most vacation renters choose their stay at Lake of the Ozarks based on its convenient location to activities at the lake. Most people are drawn to the lake to enjoy the lake itself. So renters are more likely to look for lakefront properties than offshore properties for their stay. Find a property that provides the lakefront luxury and the convenience of close by shopping and activities.

What amenities does your property offer? Having access to a pool on-site rather than having to find one nearby will be more enticing for a renter. Making your home turn-key ready will also bring more renters. People don't want to have to pack their entire home just to go on vacation for a week. If everything is provided, it makes their trip easier and more enjoyable.

Having wi-fi and cable available for your renter's convenience is a must for today's tech-savvy generation. Many folks rely on internet for both work and leisure purposes. Set up a guest wi-fi that is password protected so they can use it without the frustration of a slow connection. After a fun-filled day out on the lake, your guests will appreciate being able to relax and unwind with their favorite show.

Consider Hiring a Property Manager

Between advertising the property to maximize its full rental potential, coordinating check-ins and check-outs, scheduling cleanings between guests, and handling any unforeseen maintenance that may come up, managing a vacation rental property can be a full-time job. You can do all of this via phone and email communications, but do you have the time to commit to following through? By hiring a property manager you eliminate the stress of keeping track of these tedious tasks.

Another great perk to hiring a property manager at the Lake of the Ozarks is their marketing experience. They will be knowledgeable about the local rental rates and can help maximize your advertising opportunities. A property manager can also make sure that any potential bylaws or regulations are not being violated.

If you have questions about what to look for in a vacation rental home at the Lake of the Ozarks to optimize your rental nights, don't hesitate to contact the best vacation rental property manager at the Lake of the Ozarks for all of your needs. With over 20 years of experience in property management, you can be certain we'll provide the best quality of service.

For more information please call us toll free at 1-877-284-0267!!

YourLakeVacation.com

4571 Osage Beach Pkwy, Suite A
Osage Beach, MO 65065
Local - 573-365-3367
Fax - 573-365-5076

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Friday, February 5, 2016

5 Reasons to Invest in Property at the Lake of the Ozarks

Do you like to travel and vacation? How often do you come to the Lake of the Ozarks? If the answers to those questions are "a lot," have you ever thought about purchasing a waterfront home at the Lake of the Ozarks? There are many reasons that investing in real estate at the Lake might be a good option for you. Your Lake Vacation has come up with a few reasons why investing in property at the Lake of the Ozarks might be a good idea.

1. Home Away From Home.

While vacationing can be fun, hotels aren't always the most comfortable places to stay. Owning a second home at the Lake of the Ozarks offers you plenty of space to enjoy your vacation. The family can spread out and you can save money on meals by cooking at your place instead of dining out for every meal. (However, you will still want to check out some of the great waterfront dining we have here.) You also don't have to worry about finding availability on the weekends you want - if you own the property, you can use it whenever you want. You can also leave stuff there that you use on a regular basis, cutting down on the amount of packing you need to do before heading to the Lake for a fun-filled weekend.

2. BEST Recreational Lake in the Country.

The Lake of the Ozarks was recently voted the BEST recreational lake in the country. What better place to own a second home than at the Lake of the Ozarks? With more shoreline than the state of California, the Lake provides a boating experience you'll never forget. Whether you want to fish, ski, tube or just cruise, the Lake of the Ozarks is the place to do it - and if you had a vacation home at the Lake of the Ozarks, you can come down anytime you want!

3. Local Activities and Events All Year Round.

From golf to shopping, dining to nightlife, not to mention the great annual activities and holiday festivities, the Lake of the Ozarks always has something fun for you to do. In addition to the Lake, both golf and shopping bring thousands of people to the Lake area each year. The Lake of the Ozarks Golf Trail offers more than a dozen golf courses, for both amateurs and professionals. The 110 outlet mall, as well as the shops along the Bagnell Dam Strip, offer a unique shopping experience. Annual events such as Lake Race, Shootout, Canine Cannonball and Aquapalooza offer even more family fun throughout the summer season!

4. More Affordable Than Oceanfront.

When choosing to invest in a second home, price is important. Let's face it, you're already paying one mortgage and to add a second one to that can be challenging. The Lake of the Ozarks area offers very affordable real estate when you compare it to other vacation destinations such as the Gulf Coast, Lake Tahoe, Lake Okaboji, or the Great Lakes. Just check out the prices of real estate in those other locations and you'll find what great value and opportunity the Lake of the Ozarks area has to offer.

5. Location, Location, Location.

The Lake of the Ozarks is right in the middle of the country, making it the perfect meeting place for family spread out among the states. It's also an easy drive from both Kansas City and St. Louis. Getting to the Lake is easy with great road systems and 6 nearby airports. If you live in the Midwest, the Lake of the Ozarks area makes the perfect weekend getaway destination. Location is everything when it comes to owning a home and you can't get any more central than the Lake of the Ozarks in Missouri!

You can offset your investment costs by putting your property on our Lake of the Ozarks vacation rental program. If you're thinking about purchasing an investment property at the Lake of the Ozarks, give us a call at 573-365-3367. We'll give you all the details you need to find the perfect property that will be great for not only your personal use, but also to rent out when you're away!