Is Vacation Rental Ownership Your Business Opportunity?
It's a dream I've heard so many people express: "I want to run a
bed and breakfast. They are so cute" Or "I want to own a
vacation rental property, so I can get a free vacation and make
money the rest of the year.
But what is really involved in being a vacation landlord? Is it
a business that is right for you. I asked 9 vacation rental
owners for their advice to would-be vacation rental owners.
"Can you afford the mortgage if your home is not rented at all?"
asks Stewart Granville, owner of an Orlando Florida vacation
homes listing site ( http://www.lastminutevillas.net ). "If
interest rates rise (which they almost certainly will) can you
still afford the payments along with the utilities ,taxes,
insurance, management fees ,pool cleaning ,lawn maintenance
,running repairs