Rental Property TypesIncome Properties – The Best Types to Own During Summer 2018 by Nasser Mansur May 20, 2018May 8, 2018 by Nasser Mansur May 20, 2018May 8, 2018What are the best types of income properties to invest in Summer 2018?If you’re an experienced real estate investor, then you should know that the summer season is the best season for owning income properties.Income properties, in this context, are rental properties that can generate a rental income for the owner.However, income properties have different performances during the different times of the year and depending on the season. Any veteran real estate investor will know those income properties will perform far better in certain seasons than in other, depending on the location where you want to invest.Since the summer season is coming up, it is important to note that it is the season with the highest performance stats for rental properties in general.While income properties will generate a noticeably higher rental income during the summer season, successful real estate investors will know how to optimize their investment strategies and choose properties and locations that can help them achieve the highest value out of this season.Related: What Are the Best Ways to Make Money in Commercial Real Estate for Rent?So, if you’re looking to invest in an income property to generate the highest returns this summer, then you should consider the different types of income properties and choose one that matches the location that you intend to invest in, and that has the highest potential for profits in that market.Vacation RentalsThe first type of income properties and perhaps the most profitable during the summer season is vacation rentals.Vacation rentals are the perfect investment property to own during the summer season for a number of reasons:Vacation rentals attract a large number of tenants during the summer season because people are traveling for vacations.Owning a vacation rental in a summer-attraction area, such as near beaches, will drastically increase your chances of finding a tenant, and will guarantee that your property will be occupied throughout the summer.You will have the option to use your vacation rental as a secondary home that you can go to for a vacation with your family instead of having to rent rooms in a hotel or rent a different property.So, what are the best cities in the US housing market 2018 to own income properties that are vacation rentals?Millenia, Orlando, FLMedian Property Price: $115,000Short-term Rental Income: $2,266Short-term Occupancy Rate: $55.64Short-term Cap Rate: 11.72%East Nashville Block Club, Nashville, TNMedian Property Price: $286,250Short-term Rental Income: $3,612Short-term Occupancy Rate: 62.60%Short-term Cap Rate: 10.02%Volker, Kansas City, MOMedian Property Price: $330,000Short-term Rental Income: $4,101Short-term Occupancy Rate: 55.31%Short-term Cap Rate: 9.85%As you can notice from looking at Mashvisor’s stats for these cities, these are the best options for owning vacation rentals in the US housing market 2018. These cities all have an affordable median property price, high rental income, good occupancy rates, and high cap rates, which means you are guaranteed to generate profits when investing in vacation rentals in these cities.To start looking for and analyzing the best investment properties in your city and neighborhood of choice, click here.It should also be noted that this data is based on Q1 2018’s performance, which means these areas are expected to have a significantly better performance during the summer season, so don’t miss your chance and start searching for the perfect vacation rental in those cities right away!Related: Best Places to Invest in Real Estate: 7 Cities with Highest ReturnsCondominiumsCondos are another great choice if you’re considering investing in income properties during the summer season.This is because most condos are designed to offer luxury and a laid-back lifestyle, which is what most vacationists will be looking for during the summer season.As short-term rental properties, condos generally have high rental rates due to the amenities that they provide, such as swimming pools and shared gardens and areas.The downside of investing in condos as income properties, however, is the high cost of maintaining the property as well as the HOA fees.While purchasing a condo for the sole purpose of renting it out might not be the best idea, if you already own a condo unit during the summer season, you should be aware that you can generate large sums of profits from renting your condo out during the summer, especially if you intend on traveling or not residing in your condo for the entirety of the season.Airbnb RentalsAirbnb rentals, no matter what type of property they are, are among the best choices of rental properties for generating a steady stream of rental income throughout the year.This, however, does not mean that Airbnb rentals can’t also be optimized and utilized during the summer season to maximize their profits.Even if your property doesn’t allow for flexibility or customization based on seasons, you can always use the events that will take place during the season to advertise and market your Airbnb rental to maximize its profits.Here are some of the events that you can use to maximize your profits and to demand a higher nightly rate on your Airbnb rental without sacrificing your occupancy rate during the summer season 2018:Magic Las Vegas | August 13th – 15th | Mandalay Bay Convention Center, Las Vegas, NVBronner Bros International Beauty Show | August 4th – 6th | Georgia World Congress Center, Atlanta, GAInternational Gem & Jewelry Show | July 13th – 15th | San Mateo Event Center, San Mateo, CANational Restaurant Association Show | May 22nd – 24th | McCormick Place Convention Center Lakeside Center, Hall D, Chicago, ILThese are only a few of the events that will be taking place during the upcoming season, and which you can use to attract more tenants to your Airbnb rental and maximize your profits.Related: The 6 Best Cities for Airbnb InvestmentFinal ThoughtsNo matter which type of income properties you decide to go for, make sure to do your homework and plan your investment in a way that accounts for all the different factors and events that will be taking place this summer.To learn more about our product, click here.If you’re not sure where to start, you can head over to Mashvisor and begin your search there using unique and effective tools and features that will allow you to find and invest in rental properties before you miss your chance to generate the sweet summer profits in 2018. Start Your Investment Property Search! START FREE TRIAL Atlanta GAChicago ILKansas City MOLas Vegas NVNashville TNOrlando FLSan Mateo CA 0FacebookTwitterGoogle +PinterestLinkedin Nasser MansurNasser is an experienced content writer with a degree in English Language and Literature. He loves writing about all aspects of the real estate investing business with focus on market and property analysis and the best sources which every real estate investor needs in order to succeed. Previous Post How to Own the Most Successful Airbnb Rental Properties in 2018’s Most Profitable Airbnb Cities Next Post Off Market Properties: How to Identify Them in Any Real Estate Market Related Posts Single Family vs. Multi Family Rentals: Which Is the Right Real Estate Investment for You? 8 Best Income Producing Assets Multi Family Real Estate Investments: Here’s What You Need to Get Started What Is a Good ROI for Vacation Home Rentals? 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