The Derosia Team

WHY RENT WHEN YOU CAN OWN YOUR OWN VACATION HOME?    Do you love to visit a particular area? Tired of having to find a place to rent when you visit? Sick of paying more for a week than you do for your monthly mortgage? If you said yes to any of these, than consider buying a vacation home as an investment. Relieve the stress of going on vacation, by being able to stay at your own home when you go out of town. Even better, you can rent out your home while you're not visiting to cover your cost. Sounds amazing! Check out this list of things to consider before buying a vacation home! Gross Income Most vacation destinations are seasonal. For example, the season for the Great Smoky Mountains runs from about mid-March to December. January and February are typically slower months. However, there is always so much going on that people generally visit this area year round. You just have to remember that you won't have a renter every day of the year. You need to plan according...

Have you considered buying a vacation home as an invest?  What better way to go on vacation than to go out of town and stay at your on home? Then when you are not visiting you can rent it out throughout the year to cover your cost.  Sounds good, right? Let's consider a couple things and you can make your own decision. Gross Income Depending on where you plan to buy a vacation make sure to take into consideration that must vacation destinations are seasonal.  In other words you will not have a renter everyday of the year.  For example, in the Great Smoky Mountains the season runs from mid-March through December.  January and February can often be dead months but are starting to pickup. Management Fees If you plan on using a management company to rent your vacation home you will need to factor in the percentage the rental company takes for each rental plus any other hidden fees.  Do your research and know what you are getting yourself into. Ano...