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After sitting on the sidelines for two years, buyers with discretionary income those who don't have to choose between, say, helping send Johnny to college and nabbing that lakeside cottage are becoming card-carrying members of the mortgage-free crowd. Read More...
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It’s easy to become overwhelmed with the millions of vacation rental choices online, many listed from companies or individual owners that offer various strengths and weaknesses. Here are five important questions to consider when planning a vacation rental trip: Read More...
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In a sign that the housing market is finally making a major move in a positive direction, vacation home markets—some of the most battered in the real estate downturn—are making a surge higher in many of the hardest hit areas of the nation. Condominium sales in Hawaii and Florida are surging higher even as some potential buyers remain hesitant about the economy. Read More...
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While no direct correlation was made to the harsh winter temperatures, the research survey indicated a substantial increase in the number of homebuyers seeking a vacation home purchase, an increase of 800 percent year-over-year. This dynamic trend is further supported by an increase in the number of buyers describing their transition as a geographic relocation, now 40 percent.
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But here are the real questions to consider before you purchase a vacation home: Is the lifestyle that comes with owning and managing a vacation rental home right for you? Do you have the right personality for the job? Read More...
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According to a recent survey by TripAdvisor, one of the world's largest travel sites, some 40 percent of respondents said they are planning a vacation rental stay in 2011, indicating that rental homes are poised for a busy year ahead. Thirty-three percent of travelers said they stayed in a vacation rental in 2010. Read More...
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It's that time again: you're thinking about building fires in the fireplace, bundling up in your warmest sweater, sipping hot cocoa while you watch the snow, and fretting over that unrented vacation home. While T.S. Eliot may think that April is the cruelest month, for many vacation property owners, any month between now and Memorial Day would qualify. That cabin or condo that renters clamor over all summer tends to sit depressingly (and expensively) empty all winter. Read More...
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Lately, you've been thinking a lot about investing strategies. You have a small nest egg that needs to grow, but frankly you don't trust the stock market. (If you're like many investors, your 401(k) hasn't fared well in recent years.) And while real estate has been somewhat of a rocky road in recent years, it's still a solid long-term investment strategy—and clearly we're in a buyer's market. But you aren't really interested in being a landlord. What to do? Read More...
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You’d love to buy a vacation home, but (let’s be honest) the recession and the not-so-dim memory of the housing bubble have you a bit skittish. If only you could see what the future holds. But since a reliable crystal ball has yet to be invented, you must resort to less mystical indicators. Read More...
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As the saying goes, a picture is worth 1,000 words. Photos are arguably the single most important part of your vacation rental listings. And yet, homeowners don’t always give them the attention they deserve. If you’re not carefully staging your rooms before you photograph them, your photos probably aren’t as compelling as they should be. Read More...
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It’s often said that “the Internet changes everything.” Certainly it has changed the traditional relationship between vacation-rental owners and their property managers. At the very least, it has introduced a spectrum of possibilities. For some brave souls, the Internet has made it possible to take on everything: marketing, managing, advertising, maintenance-you name it Read More...
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You remember the news stories: People buying condos in Florida, Nevada, California, and other hot markets and “flipping” them for a fat profit before even a single spade of earth had been turned. Then everything went crazy, and hundreds of thousands of investors were stuck with new bricks-and-mortar properties that no one would buy. Read More...
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In most parts of the country, it is customary to not provide lawn services when renting out a house on an annual basis. But what grounds services make sense to provide irrespective of the customs in your market? What really is in the owner’s best interest to include and not include in the business of renting out houses? Read More...
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The stock market is down, and if you’re like most people, your level of investing confidence has dropped as well. Yes, only those with nerves of steel feel good about playing the market right now. And if you’re not one of those hearty souls, you’re at a bit of a loss as to what to do with your nest egg. Read More...
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It’s one thing to examine your property with an eye toward pleasing your guests. But smart second homeowners realize the value of regular preventive maintenance as well. Even if your guests don’t notice, say, a leaky roof, it’s likely to cause bigger, more expensive problems down the road. Read More...
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