CH A P T E R 5
of your portfolio of VRP can be accomplished when you are actually able to build a portfolio. Take your time. Be methodical and disciplined. Remember, you are playing the long game in this business. It will take several years to build up the portfolio that allows you to engage full time, but I can assure you it is well worth the time and effort!
5.7 Resorts with VRP Now, let’s take a look at one of the fastest growing sectors in the VRP industry: the move by resorts to add single family homes, townhomes, and condominiums (primarily for private owners to purchase) as investments into their hotel inventory. These communities will typically have interior attractions and all the hotel amenities for the VRP guests to use, and several dominant management companies to select that will handle all the Vacation Rental Management and booking for the investors. You’ll learn more about this in Chapter 9. Your VRP business will center around the developments in some of the most amazing locations on the planet. You will need to have a clear understanding of both residential and resort developments, their attractions and amenities, and the various types of VRP that are available in them.
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