Vacation rentals bargains Guide


Vacation rentals bargains Vacation Rentals Owners tips advice and services..

Online, web based, highly configurable, Availability Calendar and Availability Management application. Commonly used by Holiday/Vacation property owners and management agencies, but by no means limited to them, our calendars are easily integrated into any website within minutes, using the predefined templates and wizards. If you have your own website, and/or advertise on third-party websites, you can manage Availability, Bookings, Reservations centrally

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Dreaming About the Seaside - Washington Post

Dreaming About the Seaside
Washington Post
But a little searching showed that rentals are still available, even around Independence Day. Searching Long & Foster's vacation rental Web site, ...

and more »

'Illegal' high-rise hotels targeted - Chicago Sun-Times

'Illegal' high-rise hotels targeted
Chicago Sun-Times
Vacation rental units would also have to be "cleaned and sanitized between guests" -- including dishes, utensils, pots and pans -- with linens and towels ...

and more »

HomeAway Hires Former Opodo France Chairman of the Board to Lead ... - PR New...

HomeAway Hires Former Opodo France Chairman of the Board to Lead ...
PR Newswire (press release)
In addition, the company makes it easy for owners of vacation rental properties to advertise their rental properties and manage their bookings online. ...

and more »

Families join forces for great vacation values - CNN

Families join forces for great vacation values
CNN
Especially this year with rental owners -- 66 percent -- offering special deals to encourage business, according to a survey from www.homeaway.com, ...

and more »





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You'll Need a Property Manager

There's less guesswork about why owners rent their houses. A Midwest businessman, who asked not to be named, says he paid $500,000 for a house in Taos where he spends about six weeks every year. "Why not recover most, if not all, of my expenses by renting it the rest of the time?" he asks. Mrs. Bone says that turning her house over to a property manager provides a great level of security when she and her husband aren't around, plus enough income to defray about half their expenses.

Homeowners pay for that security. Ms. Proctor, whose Management Group acts as an agent for 80 Santa Fe-area houses, says homeowners pay her firm a 25% commission on all rental income. In exchange, "we're on duty 24/7," she says, "to book guests and check them in and out, to see that the windows are washed and snow is shoveled, and to call in a repairman when the roof leaks or the dishwasher breaks."

And to smooth over glitches. Cindi Clayton-Davis, president of Condotel Corp. in Ruidoso, a 13-person agency that oversees the rental of 175 privately owned houses, cabins and condos, says one renter entered a house recently and discovered that the confused homeowner was also there. "We always have a back-up," she says, "and moved the client to another unit."

Interest in investing in vacation rentals has grown so much, says Ms. Clayton-Davis, that house hunters often come into her office with a listing sheet and ask, "How much can I make from this property?" before they buy it. "I tell them that we rent out the average house for 100 nights, but that certain ones are rented up to 220 nights," she says. "Of course, it depends on whether homeowners want to come here during prime time themselves and if the house has wonderful amenities, like hot tubs and cappuccino machines. Our most fabulous property is a four-bedroom four-bath home with spectacular mountain views and a path that leads to a gazebo with a fireplace in its own woods."

That house sleeps eight and rents for $250 to $500 a night, depending on the season. Two-bedroom Ruidoso condos start at $100 a night, and all Condotel rentals require two-night minimums. In Santa Fe, where rents are higher and tourists must stay for a minimum of three nights, homeowners can expect to gross $20,000 to $80,000 a year by renting, says Ms. Proctor. -

Some Caveats

But there are no guarantees, and Ms. Clayton-Davis tells those house hunters to buy a vacation property only "if they find it appealing and can afford it without renting it for a single night." All property managers warn vacation house hunters to steer clear of condo developments whose main selling point is their "great income potential for short-term rentals."

There are other drawbacks. Renting your house to someone you've never met is daunting and "it takes a real leap of faith for an owner to depend on a rental agent's ability to screen the quality of tenants," says Mr. Lyon. Your house will endure more wear and tear than if it stays empty. So far, the Midwest businessman says he's had very few problems in renting his Taos vacation home. "Only a few broken glasses. We did invest in high-end smoke detectors and an alarm system and must pay for rental-property insurance."

The tax rules governing the income you earn by renting out a vacation home are so complicated that it's important to talk to an accountant before shopping for a rental agent. And because the hot rental markets are during the winter holidays and spring-break weeks, you'll have to switch your own vacations to less desirable times. Paulette Steensen-Jacobs, the owner of Premiere Properties, a Taos management company, says that Taos Hacienda, one of the 98 homes she manages, "is so beautiful that it's rented out all year, at $400 to $900 a night. Since the owners couldn't stay in their own home, they bought another place."



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Vacation rentals bargains .

Designed to help homeowners and agents easily display the availability of their holiday properties on the web.




-

You'll Need a Property Manager

There's less guesswork about why owners rent their houses. A Midwest businessman, who asked not to be named, says he paid $500,000 for a house in Taos where he spends about six weeks every year. "Why not recover most, if not all, of my expenses by renting it the rest of the time?" he asks. Mrs. Bone says that turning her house over to a property manager provides a great level of security when she and her husband aren't around, plus enough income to defray about half their expenses.

Homeowners pay for that security. Ms. Proctor, whose Management Group acts as an agent for 80 Santa Fe-area houses, says homeowners pay her firm a 25% commission on all rental income. In exchange, "we're on duty 24/7," she says, "to book guests and check them in and out, to see that the windows are washed and snow is shoveled, and to call in a repairman when the roof leaks or the dishwasher breaks."

And to smooth over glitches. Cindi Clayton-Davis, president of Condotel Corp. in Ruidoso, a 13-person agency that oversees the rental of 175 privately owned houses, cabins and condos, says one renter entered a house recently and discovered that the confused homeowner was also there. "We always have a back-up," she says, "and moved the client to another unit."

Interest in investing in vacation rentals has grown so much, says Ms. Clayton-Davis, that house hunters often come into her office with a listing sheet and ask, "How much can I make from this property?" before they buy it. "I tell them that we rent out the average house for 100 nights, but that certain ones are rented up to 220 nights," she says. "Of course, it depends on whether homeowners want to come here during prime time themselves and if the house has wonderful amenities, like hot tubs and cappuccino machines. Our most fabulous property is a four-bedroom four-bath home with spectacular mountain views and a path that leads to a gazebo with a fireplace in its own woods."

That house sleeps eight and rents for $250 to $500 a night, depending on the season. Two-bedroom Ruidoso condos start at $100 a night, and all Condotel rentals require two-night minimums. In Santa Fe, where rents are higher and tourists must stay for a minimum of three nights, homeowners can expect to gross $20,000 to $80,000 a year by renting, says Ms. Proctor. -

Some Caveats

But there are no guarantees, and Ms. Clayton-Davis tells those house hunters to buy a vacation property only "if they find it appealing and can afford it without renting it for a single night." All property managers warn vacation house hunters to steer clear of condo developments whose main selling point is their "great income potential for short-term rentals."

There are other drawbacks. Renting your house to someone you've never met is daunting and "it takes a real leap of faith for an owner to depend on a rental agent's ability to screen the quality of tenants," says Mr. Lyon. Your house will endure more wear and tear than if it stays empty. So far, the Midwest businessman says he's had very few problems in renting his Taos vacation home. "Only a few broken glasses. We did invest in high-end smoke detectors and an alarm system and must pay for rental-property insurance."

The tax rules governing the income you earn by renting out a vacation home are so complicated that it's important to talk to an accountant before shopping for a rental agent. And because the hot rental markets are during the winter holidays and spring-break weeks, you'll have to switch your own vacations to less desirable times. Paulette Steensen-Jacobs, the owner of Premiere Properties, a Taos management company, says that Taos Hacienda, one of the 98 homes she manages, "is so beautiful that it's rented out all year, at $400 to $900 a night. Since the owners couldn't stay in their own home, they bought another place."


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