Is Vacation Rental Ownership Your Business Opportunity – Mortgage
Is Vacation Rental Ownership Your Business Opportunity
David Leonhardt
Its a dream Ive heard so many people express: "I want to run a bed and breakfast. They are so cute" Or "I want to own a vacation rental property, so I can get a free vacation and make money the rest of the year.
But what is really involved in being a vacation landlord Is it a business that is right for you. I asked 9 vacation rental owners for their advice to would-be vacation rental owners.
"Can you afford the mortgage if your home is not rented at all" asks Stewart Granville, owner of an Orlando Florida vacation homes listing site http://www.lastminutevillas.net . "If interest rates rise which they almost certainly will can you still afford the payments along with the utilities ,taxes, insurance, management fees ,pool cleaning ,lawn maintenance ,running repairs