The resort and second-home marketplace differs in a true number of ways from primary residential marketplace. Buyer attention ranges from little, rustic getaways to extravagance properties, and includes a global clientele and the retirement and investment markets. Purchasing, selling, or managing 2nd homes in a vacation resort, recreational, and/or destination requires understanding of the lifestyle and recreation market, tax therapy of vacation and 2nd homes, and owning a home.

How do you maintain a second home if it’s far away?

If you own a second home, chances are it’s not in the neighborhood. And there will be repairs and maintenance tasks, especially if you’re dealing with salt air, snow, or other harsh elements. How will you cope?
How do you maintain a second home if it’s far away?
weekly house check
How do you maintain a second home if it’s far away?
pool maintenance
How do you maintain a second home if it’s far away?
reception of guests
How do you maintain a second home if it’s far away?
garden maintenance
How do you maintain a second home if it’s far away?
arrange building/renovation
How do you maintain a second home if it’s far away?
key holding service
How do you maintain a second home if it’s far away?
general maintenance
How do you maintain a second home if it’s far away?
repairs and problem solving
How do you maintain a second home if it’s far away?
installation of Wi-Fi and TV
How do you maintain a second home if it’s far away?
cleaning & laundry

How to Minimize Property Liability

minimize-prop-liability

How to Minimize Property Liability

Property managers stand in the unique position of having to protect several stakeholders from a myriad of risk events: owners, renters and property managers themselves. Property managers and owners can be held liable for incidents that occur on their properties if the injured individual can prove that the owner or manager was negligent, and they sustained some sort of loss due to the negligent behavior. Negligence typically is determined by comparing the behavior at issue with the behavior of a “reasonable, prudent person” in a similar situation. If a reasonably prudent person would have discovered the unsafe condition at a property and taken steps to correct the condition, a property manager or owner who does not do the same can be held liable for the resulting injuries.

In property management, a major area of risk involves proper maintenance of the property. To lessen the probability of a risk event associated with maintenance negligence, property managers and owners should conduct proactive or preventative maintenance and establish a timely response process to renter-initiated requests. The foundation of proactive or...


minimize-prop-liability

How to Minimize Property Liability

Property managers stand in the unique position of having to protect several stakeholders from a myriad of risk events: owners, renters and property managers themselves. Property managers and owners can be held liable for incidents that occur on their properties if the injured individual can prove that the owner or manager was negligent, and they sustained some sort of loss due to the negligent behavior. Negligence typically is determined by comparing the behavior at issue with the behavior of a “reasonable, prudent person” in a similar situation. If a reasonably prudent person would have discovered the unsafe condition at a property and taken steps to correct the condition, a property manager or owner who does not do the same can be held liable for the resulting injuries.

In property management, a major area of risk involves proper maintenance of the property. To lessen the probability of a risk event associated with maintenance negligence, property managers and owners should conduct proactive or preventative maintenance and establish a timely response process to renter-initiated requests. The foundation of proactive or preventative maintenance is a written, comprehensive Property Maintenance Plan. Such a customized plan details each element at the property that must be maintained, who will be responsible for maintaining it, how often it will be maintained, and the specific maintenance protocols for each item. A properly created and administered Property Maintenance Plan ensures that regularly scheduled cleaning and repair of a property’s facilities, equipment, and amenities will occur before a problem exists.

When customizing a Property Maintenance Plan for a specific property, the property manager should consider the following:

minimize-prop-liability

How to Minimize Property Liability

Property managers stand in the unique position of having to protect several stakeholders from a myriad of risk events: owners, renters and property managers themselves. Property managers and owners can be held liable for incidents that occur on their properties if the injured individual can prove that the owner or manager was negligent, and they sustained some sort of loss due to the negligent behavior. Negligence typically is determined by comparing the behavior at issue with the behavior of a “reasonable, prudent person” in a similar situation. If a reasonably prudent person would have discovered the unsafe condition at a property and taken steps to correct the condition, a property manager or owner who does not do the same can be held liable for the resulting injuries.

In property management, a major area of risk involves proper maintenance of the property. To lessen the probability of a risk event associated with maintenance negligence, property managers and owners should conduct proactive or preventative maintenance and establish a timely response process to renter-initiated requests. The foundation of proactive or preventative maintenance is a written, comprehensive Property Maintenance Plan. Such a customized plan details each element at the property that must be maintained, who will be responsible for maintaining it, how often it will be maintained, and the specific maintenance protocols for each item. A properly created and administered Property Maintenance Plan ensures that regularly scheduled cleaning and repair of a property’s facilities, equipment, and amenities will occur before a problem exists.

When customizing a Property Maintenance Plan for a specific property, the property manager should consider the following:


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