Comments on: Rental Income at Deep Creek - Some Have It, Some Don’t http://realty.railey.com/blog/index.php/rental-income-at-deep-creek-some-have-it-some-dont/ Deep Creek Lake Maryland Real Estate - Insights, Market Trends, and News Thu, 09 Feb 2012 00:25:32 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Debra Savage http://realty.railey.com/blog/index.php/rental-income-at-deep-creek-some-have-it-some-dont/comment-page-1/#comment-9492 Debra Savage Tue, 03 Mar 2009 18:44:00 +0000 http://realty.railey.com/blog/?p=128#comment-9492 Thanks for your comments. Yes, of course there are cost associated with any second home purchase such as: mortgage, taxes, insurance, phone, electric and all the normal household expenses. But, by putting the home in the rental program you are able to block off the dates that you and your family wish to use the property and then have the added benefit of rental income to help offset the expenses. Most second home owners only actually use their home about 20-40 days per year so it is a way to use the benefits of rental income with your second home. Debra 3/3/09 Thanks for your comments. Yes, of course there are cost associated with any second home purchase such as: mortgage, taxes, insurance, phone, electric and all the normal household expenses. But, by putting the home in the rental program you are able to block off the dates that you and your family wish to use the property and then have the added benefit of rental income to help offset the expenses. Most second home owners only actually use their home about 20-40 days per year so it is a way to use the benefits of rental income with your second home.

Debra
3/3/09

]]> By: Eric http://realty.railey.com/blog/index.php/rental-income-at-deep-creek-some-have-it-some-dont/comment-page-1/#comment-9473 Eric Mon, 02 Mar 2009 17:00:40 +0000 http://realty.railey.com/blog/?p=128#comment-9473 Maybe rent will cover the mortgage, but don't forget the $8000 in property taxes, rental management fees and expenses, repairs and upkeep, plus the fact that you won't be able to use the place except when it's not rented. Maybe rent will cover the mortgage, but don’t forget the $8000 in property taxes, rental management fees and expenses, repairs and upkeep, plus the fact that you won’t be able to use the place except when it’s not rented.

]]> By: Misty http://realty.railey.com/blog/index.php/rental-income-at-deep-creek-some-have-it-some-dont/comment-page-1/#comment-9419 Misty Fri, 27 Feb 2009 20:24:25 +0000 http://realty.railey.com/blog/?p=128#comment-9419 I guess that you can make money off of a vacation home. I always wondered about that. I know that on http://blog.viscape.com/ they talk a lot about the vacation home/second home mortgage, but I've never actually seen it in action. Thanks for the post! I guess that you can make money off of a vacation home. I always wondered about that. I know that on http://blog.viscape.com/ they talk a lot about the vacation home/second home mortgage, but I’ve never actually seen it in action. Thanks for the post!

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