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Telephone

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Many owners put a block on long-distance calls and ask guests to use a credit or other calling card. However, others have found that opting for a long distance/international plan with the telephone company gives substantial discounts, while you charge your guests full price for such calls. This works particularly well with overseas guests who do tend to call home quite regularly. When the discount on international calls is anything up to 60 percent, it is well worthwhile allowing unrestricted phone access. Providing it is made very clear on the rental agreement that payment for phone calls will be invoiced after the telephone bill arrives, or deducted from the security deposit, there should be no problem. It’s important, however, to hold onto the security deposit until the bill has been received and payment made.

For forecasting purposes, however, simply record the monthly telephone service charges (including any for long distance plans), making the assumption that any call charges will be recouped soon after the bill has been paid.

Renting Your Recreational Property for Profit

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