If I purchase a home on Balboa Island, can I expect to cover my expenses by renting it out during the peak season?
A Balboa Island home will make a great vacation rental as there is high demand and low supply, particularly in the summer. There are 10 premium summer vacation weeks and a comfortably furnished home of 3 bedrooms or more can expect to fill most or all of the weeks at weekly rates ranging from $3000-$8000 per week depending on size, location, and condition. If the owner’s expenses are less than the income these weeks provide, they should be well covered. Abrams Coastal Properties has a staff of 3 full time professionals that manage many of the Island’s premiere rentals.
Abrams Coastal Properties