Vacation rentals can be a steady source of income, with renters tending to find a place they enjoy and returning year after year with little encouragement. However, “steady” does not mean “automatic”.
Forbes reported recently that 55 percent of millennials are interested in real estate investing. That statistic itself isn’t as fascinating as other data suggested by the same survey. It turns out that a higher percentage of millennials than any other generations correctly identified real estate as the best performing investment class since 2000.
As the first wave of Generation Z comes of age and enters adulthood, the real estate industry is taking a closer look at this unique group because Gen Z, quite simply, has the potential to turn the housing market on its head.