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.
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.
Continue reading Things to Know About Insuring Your Vacation RentalAs 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.
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.
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.
Continue reading The Ultimate Guide to Finding Shells, Sharks Teeth, and Sea Glass on Topsail Island