Vacation rental properties are rarely big moneymakers for their owners; more often than not, they're a money pit. So when Christine Karpinski discovered you really could make money with vacation homes, she knew she had to share her knowledge with others. For five years, she has done just that at her seminars with hundreds of owners. From helping an individual purchase their very first property to training a whole team of employees for an owner of nearly 200 properties to anyone in between, Christine's seminars have transformed vacation property ownership into a lucrative investment.
Shortly after moving to Atlanta in 1996, Christine went to Destin, Florida where she fell in love with the beaches and dreamed of owning a vacation property. But there was one problem: the little one- and two-bedroom condos were pricier than what her family could afford, costing more than their home in Atlanta.
Christine even considered rental income, but just couldn’t seem to make the numbers work. For most people, this is where the dream ends.
Being determined, Christine didn’t give up and realized the only factor that could make a vacation property on the beach possible was eliminating property management commissions (which are generally 30-50% of the rental income). From there she started researching "renting by owner". And yes, she did end up buying that dream home on the beach and had positive cash flow from Day One.
Hearing of Christine's success, others in her complex wanted to know why she had so many more bookings than they did. Fellow owners were also intrigued that she never had damage by guests and she wasn't paying commission to the management company.
Clearly, Christine had figured out how to profitably manage vacation rentals, so she started setting up seminars to teach other owners. Now Christine has become one of the most respected voices in vacation property ownership. Today, she can be found speaking all over the country at her seminars and she is a regular contributor to industry magazines and newsletters.
In March of 2004, Christine completed her first two books, How To Rent Vacation Properties By Owner –The Complete Guide to Buy, Manage, Furnish, Rent, Maintain and Advertise Your Vacation Rental Investment and The Vacation Rental Organizer, which have sold more than 2000 copies in presales. Her books will be available for purchase in April 2004.
Table of Contents
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Excerpt
Chapter 1 (PDF File - 93 KB)
