Launching a Vacation Rental Property with Flex’s Net-60 Float

Purchasing a home to turn into a vacation rental can be an incredible investment opportunity. Owning your property outright allows you to build long-term equity while generating short-term rental income.

But turning a newly purchased house into a guest-ready vacation rental can come with major upfront costs. Renovations, furnishings, and upgrades can easily cost tens of thousands of dollars before you ever even get your first booking. That’s where Flex’s Net-60 Credit Card and Bill Pay Later tools can give you a financial advantage by helping you get your property guest-ready without draining your savings.

The Challenge: Upfront Costs of a Vacation Rental Home

When you buy a property for short-term rental use, here are some typical expenses you’ll likely face before guests can check in:

• Renovations (paint, flooring, fixtures, light remodeling, etc.)
• Furniture, décor, and linens
• Kitchenware, small appliances, and outdoor amenities
• Contractor labor for repairs or installations
• Professional photography and marketing

These costs can often reach $20,000–$40,000 or more, depending on the property size and your design vision. The catch? You need to pay for all of this before your rental starts actually generating any income.

How Flex’s Net-60 Float Helps Solve that Problem

Flex’s Net-60 Credit Card allows you to make purchases immediately, with 60 days before your payment is due. This means you can get your vacation rental off the ground without pulling from your own funds. Here’s a loose schedule:

• Use month one to complete renovations and purchase furniture.
• Use month two to launch your listing and host your first guests.
• Use your rental revenue to pay off the balance before it’s due.

Instead of dipping into personal savings, you can align your setup expenses with your first rental income cycle, so you can get off the ground without any up front costs. 

Covering Renovation Costs with Bill Pay Later

Though using a credit card is a great solution for a number of vacation rental costs, not all expenses fit neatly on a credit card — especially larger vendor payments. That’s where Bill Pay Later comes in. With this feature, you can pay contractors, installers, and vendors who require ACH or wire transfers using your Flex account.

This is especially useful for:

• General contractors and labor
• Flooring or cabinetry installers
• Interior designers
• Electricians and plumbers

By extending payment terms up to net-60, you can fund renovations now and cover costs once your rental income starts rolling in.

Step-By-Step Vacation Rental Plan

Here’s an example timeline for how to get a vacation rental up and running in just three months using Flex’s net-60 float:

• Step 1: Purchase the home you plan to turn into a vacation rental — preferably in a desirable location.
• Step 2: Use your first month of ownership to start renovations and order furniture and décor using Flex’s Net-60 Credit Card and Bill Pay Later
• Step 3: Complete setup, launch listing, host first guests, collect rental income
• Step 4: Use rental earnings from month two to pay Flex balance

When you follow this plan, you can renovate and prepare your vacation rental with no cash out-of-pocket. Instead all expenses will be charged to Flex. By the time your payments are due, you’ll have revenue flowing in from your property that can be used to cover those expenses.

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Tips for Maximizing ROI with Net-60 Float

Utilizing Flex’s net-60 float can help you get your vacation rental off the ground, but that’s just the first step to a successful property in the long-term. If you want to generate the most ROI, you’ll need to think carefully about the smaller details. For example:

• Get contractor bids and estimates: Understand these costs during the closing process so you can hit the ground running in the first month of property acquisition
• Time your renovations strategically: Aim to complete them within the first month.
• Choose durable furnishings: Reduce replacement costs by investing in quality.
• Invest in photography: Professional photos help your listing stand out.
• Price smart at launch: Competitive rates attract early bookings and reviews.
• Track expenses: Ensure rental revenue aligns with repayment deadlines.

Why This Approach Works for Cash Flow

Normally, buying and setting up a vacation rental requires a huge upfront outlay. With Flex, you can:

• Keep your personal cash intact.
• Align setup costs with your first month of rental revenue.
• Launch faster without financial roadblocks.

Final Thoughts

Buying a vacation rental is a big move, but getting it guest-ready doesn’t have to drain your savings. With Flex’s Net-60 Credit Card and Bill Pay Later, you can renovate, furnish, and launch your property now, then cover the costs with your first wave of bookings.

It’s smarter cash flow, faster setup, and zero financial stress, so you can focus on what really matters: welcoming guests and growing your rental income.

Ready to start taking advantage of the Flex benefits?

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