While Ocean Properties gets quite a few bikers, the company doesn't really need them in March, Roe said. We have families during the winter months and you don't really want to break up the family business with the bikers. Biketoberfest in October is great to have, he said though, because it comes during a slow period. Ocean Properties has had a good European business for years, but recently signed a contract with Virgin Holidays that will bring in more people from Great Britain, Roe said. While the economy may drop off, the condo rental business stays steady because people will still take vacations, he said.
People program their vacations.
For unit owners, the ability to rent makes a huge difference for them. If anything was to happen, you'd have a lot of investors in trouble. Rentals aren't limited to units owned by those who need the extra income, he said. You have a lot of affluent people renting who don't want to have something sitting there collecting dust. Generally, though, it is the owners who want help with the expenses who rent, Amon said.