A-Vacation rental properties, also known as transient rentals, are daily rentals. Residential condos are ones where people live.
Many people wonder about the difference between vacation rental properties and residential condos, as we call them here in Maui.
When you’re looking for different condos, if you decide you wanna do a vacation rental condo where you can do something like the VRBO, make sure you get a transient vacation rental. It is like renting a hotel and renting a unit out.
If not,and you want to keep it where there is less activity and less tourists, then you wanna buy a residential condo. There are no transient rentals, and you need a minimum of 6 months to rent them out.
Keep these things in mind when you have to choose between a residential condo and a vacation rental property. If you have any other questions, feel free to shoot me an email or call me. Visit my website for more information.