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Home About Abaco Photos Where We Are Property Details Fax: 239-472-4449 Phone: 239-472-5388 E-mail address info@latindir.com Artificial Grass For Vacation Properties Assured Tranquility Throughout A Holiday Bad Press Not Oil Threatening Basic Tips For Preparing A Vacation Benefits of Owning Vacation Property Bp Recovery Fund Czar Can You Afford A Vacation Comfort While Holidaying Lies In Arkansas Costa Rica Luxury Vacation Home Costa Rica Vacation Home Rental Dubai Property Management Youre All in One Solution Find The Best And Finest Vacation Finding Vacation Homes For Sale Get The Most From Your Hints To Make Your Holiday How To Lease A Vacation How To Rent Your Beach Vacation Income Tax Issues With Vacation Is an Orlando Florida Vacation Home Kissimmee Vacation Homes in Orlando Luxury Vacation Homes Misconceptions of Renting Your Vacation North Cyprus Vacation Properties Orlando Vacation Home Ownership Orlando Vacation Homes Are Best Property Pitfalls to Avoid When Pros and Cons of Owning Renting A Vacation Home In Maui Renting A Vacation Property Tips Safeguard Your Investment Ensure Selling Property In Morocco Acquire Considerable Specific Tax Implications Associated with Purchasing The Benefits of Having a Vacation The Benefits of Having The Best Ways to Rent The Great Things About The Guide to Searching The Top 7 Reasons Timeshare Value Calculator Tool Evaluates Your Tips For Making Money Tips For Preparing A Vacation Home Tips to Trip Rental Top 3 Time Saving Vacation Vacation Home Rentals Through The Owner Vacation Homes Feel Like Vacation Properties To Get Away Vacation Property 1031 Exchange Guidelines Vacation Property Management Web Tools Vacation Rental Or Holiday Home Advertising Vacation Rentals And Making Memories Vacation homes Australia Key to awesome Vacation homes suitable for the whole What Makes Fractional Shares Different from When Purchasing a Vacation Home Why Listing Your Vacation Why Rent a Luxury Vacation Home Why Stay in an Orlando Vacation Why You Should Consider Renting | Why You Should Consider Renting Your Vacation HomeA survey from the National Association of Realtors found that the majority of vacation homes are only used two weeks a year - meaning that most are sitting totally vacant for 50 weeks!And why should you consider renting out your second home to vacation travelers? Simple economics. If you decide rent out your vacation home, it could potentially not cost a dime after your down payment. Christine Karpinski, author of How to Rent Vacation Properties by Owner and Profit From Your Vacation Home Dream, has come up with a simple break-even formula for vacation rental properties. "It 's not a high level formula that accountants use to factor in tax advantages or other complicated formulas," she says. "I just want to know how many greenbacks it is going to cost me out of my pocket each month." She explains her simple formula, "If your mortgage payment is less than or equal to one peak week that you can rent your property for and you can rent that property for 17 weeks a year then that property will break even." She goes on to give an example, "Let 's take a property that 's mortgage payment is say $2000 a month. If you can rent that property for $2000 a week and can rent it for 12 weeks, which regardless of where you own (on the beach, in the mountains, on a lake, or in the middle of a prairie), there 's typically 12 peak weeks. And most properties are rented fully those 12 weeks. So if you can rent your property those 12 weeks you can pay your 12 mortgage payments. And then the extra costs associated with ownership like phone bills, insurance, cable, and power can usually be paid for by five extra weeks rentals. So if you rent your vacation home for 17 weeks, it 's paid for itself." Another reason to rent your home is that "It 's better to have a property be rented than to sit empty because insurance companies hate properties that are unoccupied," Christine says. "They would much rather see a property that 's unoccupied more often, which is contrary to what most people believe. Many second homeowners think if I 'm going to switch my vacation home into a rental home, the insurance ramifications are going to be much greater. ' Well that 's not necessarily true. Yes, you 'll have to take out some extra liability, but really your property is going to be occupied, which the insurance companies like to see." By: Kristin Dorsett |
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