Thinking about in a vacation rental property on the East Coast? You’re onto something good. From sandy beaches to historic towns, the East Coast has plenty of exciting vacation locations. GOBankingRates spoke with Lavender Lloyd, property management training manager at , to get the inside scoop on the places to park your rental property money on East Coast.
Here are the eight best rental markets for . Lloyd highlighted Myrtle Beach as a top destination: “Myrtle Beach is a highly popular vacation destination known for its 60 miles of sandy beaches, family-friendly attractions and vibrant nightlife.” She explained its broad appeal, “The area draws millions of visitors annually, making it an ideal market for vacation rentals.
” For investors, this translates to strong income potential. “Its mix of affordability and high demand ensures a strong rental income potential, particularly during the summer months,” Lloyd said. Earning passive income doesn't need to be difficult.
Cape Cod offers a classic New England experience. Lloyd described its charm: “Cape Cod is famous for its quaint seaside villages, picturesque beaches and rich history. As a classic New England vacation spot, it attracts tourists looking for a charming coastal experience.
” This timeless appeal creates lucrative opportunities for investors. “The region’s high seasonal demand, particularly in the summer, makes it a lucrative market for vacation homes, especially those with beach access or histo.