Within the next half-decade, about a third of the housing stock in Galveston, Texas, might be turned into vacation rentals.
Peter Holley:
There are all these property management companies that are selling their services as being able to manage your property for you. So you just buy the house and clean it up, I guess, and then they’ll manage the rental for you. And what they what they tell prospective buyers is that average guests spend about $240 a night for a vacation rental in Galveston.It’s a lot of money and it adds up really quick.
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