This is one of the biggest challenges that certain homeowners have with renting out their vacation homes. You may have strangers living in your home – They will be using your home and everything that’s in it, including your furniture.Hiring a property management company to handle these day to day tasks is an option, but along with that option comes a management fee, typically in 15-20% of the monthly rental charge. You’ll be the last line of defense for any maintenance problems. This is especially so with ongoing maintenance and upkeep that will be required for any type of rental property. You have to be a landlord – Being a landlord is an incredibly time-consuming task.You can’t take a vacation on a whim – While you can rent out your lake home according to your schedule, it does mean that you won’t be able to just take a long weekend off and go to your lake home on a whim if not vacant.The pros of renting out your lake house might make the cons seem rather petty, but there are certainly some cons to consider: Especially since those kind of improvements can help attract more renters and justify higher rent prices. For example, adding a hot tub or upgrading all of the kitchen appliances won’t seem like that huge of an investment.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |