You won Powerball. Now double your winnings.
When it came out that the three winning Powerball tickets for last night’s monster drawing were purchased in Florida, Tennessee, and California, I couldn’t help but notice a surprising coincidence. According to TripAdvisor, these same 3 states account for the top three vacation rental destinations in the United States:
- Florida with Orlando, Kissimmee, and Davenport
- Tennessee with Gatlinburg, Pigeon Forge, and Sevierville
- California with South Lake Tahoe, San Diego, and the Big Bear Region
Could it be a sign as to how these winners should spend, and invest their newfound millions?
At rented., we certainly think so. With the market for vacation and other short-term rentals projected to more than double by 2025, after having more than tripled since 1999, this would be an investment in a real growth market. As stocks tumble globally, wouldn’t you want to own something tangible? Something you can actually benefit from using? And something that will make you money not just on the appreciation on the asset, but also on the rental income you can obtain from it?
I know some will say that real estate is anything but a certain investment. And 2008 is a great case in point. Vacation rental income can be tricky, and if you are depending on that income to afford the home, which the Powerball winners most certainly will not be, then it could be a scary proposition.
That being said, it doesn’t have to be risky. Understanding most homeowners do not want, nor can they afford the risk of missing out on rental income, we started rented. for just this very reason. By enabling owners of second homes and investment properties to receive guaranteed income from their homes, all without any of the work, rented. helps owners make the most from their assets with minimum time or hassle.
So the hard work is done. Your lucky numbers have paid off. Now put that money to good use and start buying up vacation homes. Visit them when you want. And the rest of the time?
Originally published at www.linkedin.com.