As the summer begins to wind down, you may start to think
about the options you have for your second home. Your home’s protection and
maintenance is important when it comes to leaving it for months at a time,
which is typical in a seasonal destination. There are a number of ways to
handle your vacation property in the offseason, among which is renting. Your
trusted real estate agents in Sunrise Beach, MO have provided a list of some of
the benefits of renting your second home at the Lake of the Ozarks this coming
fall. A home with occupants in it is typically
safer than a vacant house.
1. Help Make Mortgage Payment
A major benefit of renting out your home for the off season
is the financial assistance with your monthly payment. Bringing in the mortgage
payment through rent for the months that you are not using the home anyway, is
a great opportunity to free up some of your monthly budget.
2. Generate Additional Cash Flow
If you price your rental property above what your mortgage
payment is, you can actually make money by renting it out. Bringing in
additional money can help add to your disposable income. Renting your second home can help you make money throughout the winter months.
3. Maintain Property
When you have a tenant in your rental home, you also have a peace
of mind if something were to happen to the property, you will likely know
about it right away. Many times second homeowners will come to their property
after the winter and find a disaster. If they had a renter in their home, they
would have known about the issue much sooner, so it could be addressed
accordingly. Often second homeowners do not have the heat on during the winter
months, which can cause pipes to freeze and break. A tenant will usually keep
the heat on in the home, helping to prevent a frozen pipe disaster.
4. Take Advantage of Tax Break
Tax deductions can be applied for owning a rental property.
Many rental repair expenses qualify for a deduction for the landlord, as well
as goods and services used for the rental property. In addition to repair
deductions, owners can also get a tax break for interest on the mortgage of
their rental.
5. Safety of Your Second Home
A vacant home can often attract unwanted attention from
criminals. Many break-ins happen when the home is unattended during the
off-season at the Lake of the Ozarks. If a tenant is in your home, it will not
appear to be abandoned for the winter, which can help deter a break-in or theft
from occurring.
There are a number of benefits that come along with renting out your second home this winter. From safety to the additional income, renting may
be the right option to help maintain your home during the off-season. If you
are considering renting out your property at the Lake of the Ozarks, contact
Eagle’s Nest Realty. We would be pleased to help you find tenants for your
second home.
Call (573) 374-0769 to schedule a showing today!
Eagle's Nest Realty, Inc. Like Us On Facebook
Bill & Sky Johnson Follow Us On Twitter
33431 Evanston Road Find Us On LinkedIn
Sunrise Beach, MO 65079 +1 Us On Google+
No comments:
Post a Comment