Search Results for: rent — 529 articles

4 Tips for Finding Renters for Your Lake Home

If you have thought about renting your lake home out, then you have had a wonderful idea. It will help balance the cost of having more than one home. These tips will help you in finding renters for your home to maximize occupancy rates and increase cash flow. 1. Pricing the Rental Property The very first step in rental success is to determine what price you will be charging per month. It is important to check the pricing of the rental properties around your home. These comparisons will help you decide on what to charge monthly for your property. 2. Amazing…

Lake Homes and Long Term Renting

When renting out your home for an entire season, there are some aspects you will need to think of before doing so. This list is to help protect you. If done the right way, you will be able to make a profit and avoid the headache of a bad renter. Know About Costs It is a good idea to research other rental properties in your area. It will help you understand if the home that you have for rent is worth renting. The market will determine the price of your rental. For example, if your home is in an area…

How to Turn Your Second Home into a Vacation Rental

Having a second home can be pricy. In order to take some of the burden off of you financially, you can rent out the second home to help take care of the second set of bills that come with it. Here is a list on what you will need to do in order to make this happen. Book the time you want with the home first. There are times that you want to use your second home. Different seasons or dates in which you want to use your second home are called black out dates. This means that no one…

Converting Your Lake Home Into A Vacation Rental

If you are looking to convert your home on the lake into a vacation home for others to rent out, then you are in luck. Vacation rentals can be a wise investment if done correctly. There are certain steps that you must take in order to prepare your home and yourselves for the tasks that lie ahead. Research other vacation properties in the region. Hire a manager or management company. Hire a cleaning service. Market your property. Researching other vacation properties in your area is the best place to start. How much are nearby houses of equal size being rented…

Must-Have Amenities For Renting Your Lake Home

Renting your lake home is a great way to earn additional income while you’re not using it. However, because you’re only renting it out as a vacation home during certain parts of the year, you’ll still have to provide those amenities that renters have come to expect. Just as important, you’ll want your lake home to stand out from the crowd and encourage renters to choose your home over others. The following are some of the amenities that you should provide to renters when renting your lake home to make it a more attractive vacation destination:

How To Get Your Lake Home Rented Fast to Great Tenants

Many lake home and vacation homeowners rent out their properties during the year to offset their property’s holding costs, but also to earn additional income as well. But renting out your lake home can be a lot easier said than done, especially if you’re looking to get your lake home rented quickly. There are a number of factors to consider when trying to rent out your home quickly to great tenants, including how to set the rental price, how to find your renters, and how to market the property effectively:

Pros and Cons of Renting Out Your Lake Home

Buying a lake home can be an incredible investment. There’s nothing like having a second home that you can use for vacation – especially one that’s on the lake. What better place to take the family on summer vacation than a home right on the lake? You’ll be feet away from being able to go for a swim. You could even invest in a boat that you can take out onto the water whenever you want. However, if you are buying a lake home for use as a vacation home, you may want to consider renting it out during the…

Advantages of Buying Vs. Renting A Lake Home

Living in a waterfront home is a dream for many Americans, and it’s easy to understand why. The water is enchanting, peaceful, and seems to offer a different view every time you gaze upon it. Shoreline homes offer great places to escape the noise and stress of the city as well as entertain friends and family. Owning a lakefront home is a sweet reward reflecting success for many Americans. There are, however, several pros and cons to consider when buying or renting. We’ve listed several advantages of buying vs. renting a lake home below: When Owning a Lake Home is…

Checklist for Turning Your Second Home into a Vacation Rental

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 you want to earn regular income all year round from one or multiple renters, or just during vacation seasons from one or more guests. Some of the most important factors regarding income potential will be location and climate conditions of the property. The following checklist will help guide you in your decision to turn your second home into a vacation rental. Market and…