| South Padre Island is one of the few coastal | | | | possible. |
| communities in the U.S. in which rental revenue | | | | 3. Beach houses. A classic beach house is still a |
| can still come even close to cash-flowing a rental | | | | good rental. People who have been visiting Padre |
| property. In most areas the property values have | | | | for years still envision the perfect island vacation |
| risen far above what the rental prospects can | | | | in a beach house with a big balcony and a grill |
| sustain. Most smart investors know that the real | | | | outback. They also enjoy the idea of a private |
| reward is in the appreciation of the property | | | | island oasis without the hassle of secured parking |
| rather than the seasonal income it may produce. | | | | and front desks. |
| However, the rewards of rental can certainly | | | | 4. Amenities. Complexes like Saida perform well |
| offset the costs of owning a vacation property. | | | | because of all their resort quality amenities. |
| Some properties are superior performers and | | | | Families enjoy the spacious pools and grounds. It |
| return an average of 10% of the purchase price. | | | | gives all members of the group an activity. |
| While others are geared to a more specific renter | | | | 5. Beach Décor. Most properties are now |
| and don't do as well. Every buyer must choose a | | | | marketed online. Your property has to look |
| property that they will enjoy owning and using | | | | outstanding in 300 pixels or less. Beach |
| sometimes. But, there are some similar | | | | Décor in bright island colors wins every |
| characteristics among the best rentals. I have | | | | time. |
| spent some time examining what works and have | | | | 6. Quality. The rental market is becoming more |
| come up with these best bet models. | | | | competitive. The days of "good enough for rental" |
| 1. Multiple bedrooms. The difference between a | | | | are done. Remodeled bathrooms, updated |
| hotel and a good rental condo is number of | | | | kitchens and units in good repair get the repeat |
| bedrooms. Families and groups who vacation | | | | business. |
| together save money and enjoy a group vacation | | | | These concepts may be basic aspects of rental |
| in 3 or more bedroom properties. They also | | | | marketing but, its easy to lose sight of the |
| enjoy multiple condos rented together or a | | | | ultimate rental goal. Consider your target market |
| multi-family building. | | | | group when looking to purchase a rental property |
| 2. Beach over bay. The bayside has a specific | | | | or when preparing your own rental property for |
| market group but in general, lucrative summer | | | | success. |
| renters want to be as close to the beach as | | | | |