Читать книгу Renting Your Recreational Property for Profit - Heather Bayer - Страница 5

The rush to find the perfect waterfront property has forced many people to buy earlier than they anticipated just to be assured of their future retirement dream. For those who have chosen this path, recreational property ownership comes at a price, as the initial investment and furnishing costs are closely and relentlessly followed by a welter of expenses. Some of these are expected and budgeted for; others come as a surprise. A sheared water line; the need for water softener or purification systems; winterizing; maintaining decking and sidings; prevention of water ingress in spring — these are just some of the challenges faced by owners I spoke to during the research for this book. In most cases, even where owners had substantial contingency funds, the additional expenses of recreational property ownership — including spiraling electrical costs and property taxes — came as quite a shock.

So, as reality overshadows the initial enthusiasm for the purchase, many new owners and significant numbers of seasoned owners will consider renting their recreational property to offset these costs. Meanwhile, others have deliberately bought property to take advantage of the investment opportunity and the potential for rental income, which is clearly there for high-season weeks.

What can you realistically achieve from renting your property? The simple answer is that you will not make your fortune — unless, of course, you buy several properties, renovate them, rent them for a time, and resell them — but that’s the subject of another book!

Renting Your Recreational Property for Profit will explain how, by giving careful consideration to marketing, property management, guest services, and added value, you can make enough money to pay the bills, meet the mortgage payments, do the routine maintenance and repairs, and have a surplus to make improvements that will ultimately increase the value of your property and the pleasure you get out of owning it. In short, this book is about maximizing the investment you’ve made so the return amply covers the expenses. Renting your recreational property requires work. It’s not enough to scour yard sales for bargain furniture, place a small ad in a couple of newspapers, then sit back and wait for the money to roll in. Making a profit from vacation rental requires sound planning and forward thinking, and of course adopting some of the tips from this book.