Should you keep your vacation home for pleasure or turn it into a business?
5 Tips When Considering to Rent Your Vacation Home Keep in mind the responsibility attached to renting a property There are several advantages to renting your vacation property, including generating income to cover the property’s expenses, tax break incentives, and even profit from the rentals. However, there are also several stresses to being a property manager for a vacation rental. You will need to arrange for cleaning services prior to check-ins, absorb the cost of maintenance repairs, manage the marketing of your property, and collect payment and fees. Make sure you have the extra time to commit to this. If not, consider hiring a property management company. Call in the Experts There can be a lot of red tape associated...