Vacation homes a tough sell

When the housing market crashed, the vacation home sector was the hardest hit, according to USA Today. Sales of these properties is half of what it was in 2006, when the market was at its peak.

Due to poor sales numbers, people are renting out their vacation homes in order to receive some type of financial relief, the news source reports. Instead of bringing in moving companies to take their personal possessions out, landlords are keeping their belongings out of moving boxes and letting other people use them, for a price. Homeowners can earn more than $35,000 a year in rental income. The helps to lessen the blow when people cannot sell, according to the news source.

"Instead of beating their head up against the wall, it is time to change the tactic," Brett Williams, a property manager at Agate Bay Realty Lake Tahoe, told the news source.

This new tactic is conducive to the American travel market as more people are choosing to rent homes, rather than stay in a hotel, according to Radius Global Research. Rentals are typically less expensive and can provide a more personal feeling for a family vacation.  

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