VacationFutures, a wholesale rental marketplace, recently launched on Hilton Head Island.
Homeowners can sell their rental rights in bulk to a property manager who bids on them through the VacationFutures marketplace. After a period of due diligence, the homeowner is paid a lump sum by the property manager willing to take on the risk of finding renters, according to a news release. In return, property managers gain the flexibility of buying wholesale and renting retail.
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