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

4 Reasons Your Home Probably Won’t Make a Good Rental

rental-markets-2015

Sure, renting out your house can be a great way to earn passive income. But have you thought of all the potential downsides? Learn why one investor lost $5,000/year for the first 7 years renting out his house (and how you can avoid putting yourself in this situation!).

View the full article: 4 Reasons Your Home Probably Won’t Make a Good Rental on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.


rental-markets-2015

Sure, renting out your house can be a great way to earn passive income. But have you thought of all the potential downsides? Learn why one investor lost $5,000/year for the first 7 years renting out his house (and how you can avoid putting yourself in this situation!).

View the full article: 4 Reasons Your Home Probably Won’t Make a Good Rental on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.


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