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

5 Cons of Starting Out With a House Hack

brrrr-investing-strategy

Thinking of using housing hacking to get into real estate? You've heard all the pros, but have you considered the cons? Done well, house hacks allow you to live for cheap or free while building equity in a property you own. It sounds great! But here are a few issues those who execute this strategy will wrestle with.

View the full article: 5 Cons of Starting Out With a House Hack on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.


brrrr-investing-strategy

Thinking of using housing hacking to get into real estate? You've heard all the pros, but have you considered the cons? Done well, house hacks allow you to live for cheap or free while building equity in a property you own. It sounds great! But here are a few issues those who execute this strategy will wrestle with.

View the full article: 5 Cons of Starting Out With a House Hack on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.


Read full article on Blog