How to Keep Track of Your Rental Business Expenses

If you’re the owner of vacation rental property you probably already know how much paperwork can be generated. You don’t want to lose track of a single expense or receipt because at tax time they’re the difference between owing a lot and not.

Keep track of business expenses
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Swing Bridge Foundation Submits Alternative Plan for Surf City Bridge

April 1, 2017: Surf City, NC:  In an earlier surprise announcement today, local Real Estate company Lewis Realty announced they were planning to buy the Surf City Swing Bridge, effective 2018. In response to this announcement, that has been on the table since beginning of 2015, Topsail Realty Vacations President and Owner, Mike Harrington, said “We are excited that the Swing Bridge will be protected moving forward. It’s an iconic piece of Topsail Island history and we feel it would be a shame for it to completely go away”.

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How to Make Your Vacation Rental More Profitable

If you want to improve profitability on your vacation rental you should take full advantage of all tax write-offs that are available to you. Whether this is your first vacation rental property or you’ve been at this for years, we have five suggestions to make your vacation rental more profitable by helping you maximize your deductions during tax season.

How to Make Your Vacation Rental More Profitable
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4 Ways To Maximize your Beach Time on Topsail Island

Topsail Island Vacation Planning

You’ve booked that perfect Topsail Island Vacation Rental with Topsail Realty after weeks of planning.  Now what?

For first time and even returning guests, we get questions all the time about things to do, where to get groceries, and which are the best restaurants on Topsail Island.  While our local team is very knowledgeable about all things Topsail, we felt there was a need to have a more hands-on approach to a more holistic vacation planning experience.

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Amenities That Provide Maximum Return for Your Vacation Rental

When it comes to what prospective vacationing families are looking for in a vacation rental, at the top of the list is a sweet amenities package that doesn’t cost extra. They want the “most bang for the buck” as they say. You may have already added some amenities that weren’t previously provided in your rental, but is it enough? For amenities that drive maximum profit for your vacation rental, read the following background stats on what really matters most.

Amenities That Provide Maximum Return for Your Vacation Rental
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Things to Know About Insuring Your Vacation Rental

One of the top requirements of owning a vacation rental is having adequate home insurance coverage. Any number of things could go wrong that you need to protect yourself against including damage and theft.

Be sure to call a few different places for price estimates to find the coverage you need at a price you can afford. Below are some of the main points to remember when it comes to insuring your vacation rental so you can make an informed decision on your coverage.

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Deductible Expenses for Vacation Rental Owners

As a vacation rental owner, finding and deducting the expenses that are related to the operation of your vacation rental business can offer significant tax savings. Many rental owners fail to take advantage of all the deductions they are eligible for. Be sure to keep track of your expenses throughout the year so that when it’s time to prepare your taxes you have everything you need at hand.

Tracking expenses
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How Current Economic Trends May Affect Property Management

There are times where we throw caution to the wind and go “all in.” There are other times to pause and carefully ponder the realities of what may be “coming around the bend.” Perhaps, after nearly 8 years of low interest rates and endless economic stimulants, we are now in the “carefully ponder” stage of economic realities. Now is a good time for property managers to be cautious. With patience and keen observations come immediate results. It’s the power of doing almost nothing.

How Current Economic Trends Will Affect Property Management
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The Ultimate Guide to Finding Shells, Sharks Teeth, and Sea Glass on Topsail Island

If you’ve ever gone hunting for Shells, Shark’s Teeth, or Sea Glass on Topsail Island, you know how overwhelming it can seem at first glance. Looking down the island’s long expanse of shoreline that’s covered with sea life, you absolutely must know what you’re looking for to be successful.

Lucky for you, I spent every summer of my childhood on Topsail Island with my Grandmother – a full-fledged shell/shark’s tooth/sea glass collecting addict.

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