When I wake up in my vacation rental home in Fiji, and pull back the curtains to see blue waters...picturesque islands...my private pool...the hanging bed...I know I made a great decision buying this place. I get to spend two weeks a year chilling out here...snorkeling every day, just a short walk down my private stairs. It's like swimming in an aquarium. The coral is so pristine and healthy.
When I fell in love with the Pacific island of Fiji in 1999, my mom, who's a steady, smart person, implored me to reconsider building a vacation rental in such a distant locale.
With vacation rentals, location is everything. Except for the little luxuries, like upgraded kitchens, a water feature (or three) or a luxurious master suite.
I talk to a lot of people who are considering renting their second home out to vacationers. Some of them already have a home, sitting empty most of the year.
I could never have afforded my tropical-island property if I didn't use it to earn. And earn it does...I bring in between $50,000 and $60,000 a year. If you rent your second home part of the year, it can pay for itself. In fact, it may even make you a healthy profit. But you need to know how to successfully market your overseas dream pad to vacationers.
You may remember a time, as recently as a decade ago, where vacation rentals were simply in beach areas. If you were like me, you got a huge catalog each spring, in full color, with a tiny photo of each house, and a cryptic description: "2bd/2bath Between the roads, onsite parking, rooftop view."
While I have a second home overseas, I’m certainly never going to be featured in “Lifestyles of the Rich and Famous”—even though people may have put me in that category. How can I afford a luxurious home on a tropical island without a millionaire’s bank account?
I have a home in Fiji…that pays for itself. You can insert any international locale here: Tulum, Dominican Republic, Spain, and it will have the same effect among your friends, instant celebrity status…and the same potential to make you money. But that’s not why I bought the land in Fiji and built a house. It Read more...: Easy Money With This Vacation Rental Secret
I am the only one on the planet with this particular view. The sun is rising over three beautiful islands and an ocean that's pale aqua-blue turning to turquoise where the untouched coral reef is, then to cobalt in the deep water. I watch the lazy boat traffic and ever changing light from my covered hanging bed. There's a trick with hanging beds I've discovered—get one side slightly shorter than the others, and it will automatically sway.
When I first went to Fiji in 1999, I had no thoughts of buying a lot, designing and building a house, and becoming a vacation rental expert. Of course, life often turns out better than we ever imagined...and I'm living proof of that. In 1999, my only thought on that trip to Fiji was escape