Great Deal! Get Instant $10 FREE in Account on First Order + 10% Cashback on Every Order Order Now

WK2 Howard, data for analysis Contains unread posts Ashley Howard posted Nov 15, XXXXXXXXXX:52 AM Subscribe Is a vacation property a good investment? I would like to analyze buying a vacation...

1 answer below »
WK2 Howard, data for analysis
Contains unread posts
Ashley Howard posted Nov 15, XXXXXXXXXX:52 AM
Subscribe
Is a vacation property a good investment? I would like to analyze buying a vacation rental property in a preselected area. My family and I love the lake and cu
ently use a travel trailer but would like to invest in something more permeant. I am not necessarily looking to make a profit during the first few years but would like to make enough to cover the ownership costs. 
The occupancy rate needs to be analyzed to decide if the area is a year-round tourist destination. A market analysis would assist in determining if the location is ideal for a vacation rental. Rental platforms such as VRBO and AIRBNB have really evolved vacation rental properties over the years and could serve as a good source of data. I could use the platforms to look for listings in the area for the average rental rates. Logically I can assume that a lake in VA has a winter off-season, or lower rental rate in the colder months. I could expect inconsistent income. 
A vacation rental property comes with a lot of extra expenses I will need to factor in the cost vs. income analysis. I could expect cost in rental insurance, utilities, repairs, lawn care, cleaning service, and a property manager. These are just a few of reoccu
ing expenses and the list could grow depending on the exact property. 
I would need to analyze the different finance options available. I know some loans require a certain credit score or down payment. The conforming loan seems to be more flexible but does have those strict qualifications.  
The different avenues of advertising would also need to be analyzed. I would want to maximize booking around the family blackout periods. 
I have found numerous analytical tools to help make the decision on a good vacation rental property,  AirDNA and Mashvisor.  
https:
www.hostaway.com/how-to-evaluate-vacation-rental-properties
DATA FOR ANALYSIS - TERAN W2
Contains unread posts
Matthew Teran posted Nov 14, XXXXXXXXXX:40 PM
Subscribe
    To homeschool, or not to homeschool? After many states shut down schools, during the Covid 19 lockdowns, parents (more than ever) were able to be more involved in their children's learning. This led to more parents deciding to homeschool their children. Why would a parent decide to do this? The three concerns that come to mind are:
·     Do homeschoolers outperform their public school counterparts? Brian D. Ray's research statistics on homeschooling reveal that homeschoolers score 15-30% higher on Standardized Academic Achievement Tests than public school students.
·     Do homeschoolers get any social time with children their age?Homeschoolers engage more actively in extracu
icular activities than public school students. Research showed an average of 5.2 activity engagements, including community involvement and leadership skills.
·     Is homeschooling possible for everyone? Racial disparities in homeschool vs public education, are eliminated. Statistics show that homeschooled kids, regardless of race, score an average of 85% in reading tests. Indicating the advantage of homeschooled children vs public schooled, especially in minority groups. 
    The data shown in this post does not describe that homeschooling can be a challenge for some parents. An example would be a single mother who works around the clock and relies on the state education system to educate and care for her child while she has to work. That data is shown above, and the rationale for this decision comes down to the parents' personal situation.
Reference
Homeschool vs Public Education: A Complete Guide for Parents. (n.d.). TheStemKids. Retrieved November 15, 2022, from https:
www.thestemkids.co/a
log/homeschool-vs-public-education#:~:text=Why%20is%20homeschool%20better%20than%20public%20school%3F%201
‌
Answered 1 days After Nov 15, 2022

Solution

Megha answered on Nov 17 2022
45 Votes
Is a vacation property a good investment?
Bored of a monotonous job. Want some fresh air? Want to spend more time with nature?
What do we do in these situations? Most of us probably book some vacations to hill stations or farms or some other exotic locations. Now imagine if you own some property in these locations. Feels awesome, Right?
Investing in vacation property can fetch you many advantages. Let us discuss some of the potential benefits of investing in a vacation property.
· Extra Income
A vacation property is one of the good sources of side income. This is one of those industries that is not going to be affected at all in the coming future. So this can act as a good source of extra income.
· Appreciation
The Real Estate sector has a history of growing at a faster rate than inflation. This is the reason why many choose to invest in real estate. So, investing in a vacation property can turn profitable in future.
· Tax Advantage
Many countries provide tax relaxation for vacation properties. So investing in vacation property can be one of the ways of gaining tax advantages.
· Immune to Recession
The recession has badly affected many sectors. However, it has had a low or zero effect on the market of vacation properties.
· Huge market
The vacation homes market was about 75 billion...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here