We are hoping our rentals will serve as a nice chunk of our retirement revenue.
We have friends who have a lot of rentals in a modest touristy spot. It’s been like printing money for them. They are about an hour and a half drive from that area. It started off as their own weekend getaway place, but they started renting it out when they didn’t use it, and had a maintenance company help them manage it. So they built a couple more cabins, and then rented those out. I bet they have 10 places by now, from small one bedroom cabins to larger 6-8 room lodges for groups. They asked us if we wanted to get in on it, but we live further away now, and don’t have the cash flow that they do. For some people who can manage it, it works great.