OWNER: Angela Peifer
VACATION HOME: Penthouse Gulf View
LOCATION: Indian Shores, FL
PERMANENT RESIDENCE: Lawndale, IL
OWNED HOME SINCE: August 2008
VACATIONRENTALS.COM OWNER SINCE: 2009
ANGELA’S STORY: Angela had always dreamed of owning a retirement beach home in Florida. After watching a Travel Channel program highlighting great beaches, Angela and her husband, Jim, were inspired to visit Indian Shores and see it first hand. The Peifers enjoyed their visit so much they purchased a vacation home on the spot.
When it came to location, Angela and Jim chose Indian Shores for its small town appeal. The Quiet Waters community of their condo features private beaches and less congestion than more mainstream area beaches. The location is conveniently located between Clearwater and St. Petersburg, should the Peifers decide to venture into the city. Jim and Angela felt the town and their condo had enough charm that they could rent it out to travelers to help offset costs when they weren’t personally using it.
The vacation home Angela purchased already had a successful history as a vacation rental, as the condo’s previous owner had also rented it out. Angela first used a property manager, introduced through the condo’s previous owner, to market her home. After receiving only a moderate number of bookings, the property manager suggested the Peifers also list their condo on VacationRentals.com. Using both a local property manager and VacationRentals.com, the couple was able to rent their condo for 37 weeks in 2009 and has comfortably used the money to pay for maintenance and upgrades. The Peifers plan to use their 2010 revenue to make a dent in their mortgage.
The couple does not plan to move to Indian Shores permanently, but will continue to snowbird from their home in Illinois for several weeks each year and visit more frequently in five years upon Angela’s retirement.