Sellers often get confused when their lake home doesn’t sell. Asking questions helps to get rid of the confusion, but some questions are better than others. Glenn Phillips, CEO of Lake Homes Realty, discusses questions to avoid asking when your …
Converting your second home into a vacation rental has many investment and tax advantages that can potentially create a lucrative source of additional income. The first step is to define a clear objective for this venture by asking yourself if …
My friend John Burdett has written a great post today about decision making and his advice to Pre-decide.” As John says, “You have to pre-decide how you will respond before you are in the middle of a circumstance.” This is …
Waterfront home renovations give you the opportunity to convert it into a business, increase property value, improve appearance, or simply live more comfortably. Many times homeowners are not sure where to begin with renovation, but it all depends on your …
At first blush, many prospective buyers see the purchase of a vacation rental property as a potential win-win: They pick up a new source of income while having a cost-effective vacation destination whenever they have the urge to get away. …
Buying any type of property—from a small home to a large commercial development—is a complicated and time-consuming process. Emotions have to be carefully checked and buyers need to be highly focused in order to put a great deal together. If …
Owning a vacation home can bring a new level of fun and luxury to your life. It also brings additional complexities to your tax liability, which can impact you both while you own the house and when you plan to …
