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…