If your dream is to own a vacation home - and not break your bank account - this book is what you've been looking for. Author and speaker Christine Hrib-Karpinski offers you practical, hands on advice, showing you how to do it without property management companies so you can keep 100% of the income. Not only will you have realistic strategies for your renters to pay your mortgage - you'll also enjoy several weeks a year in that little slice of paradise with your friends and family. Discover the secrets of successful vacation home - Choosing the best property for you - Different financing options available - Organizing all rentals, paperwork, money and maintenance - Advertising for quick results - Identifying and avoiding "bad apple" renters - Maintaining your property from a distance - And much more! The concept of Renting by Owner is catching fire throughout the nation. Whether you want a beachside condo in Florida, a ski cabin in Colorado, or anything in between, the answers are all herein this comprehensive, easy-to-follow guide. Vacation homes are no longer just for the wealthy. Start enjoying the benefits of your own marvelous home away from home. It can even be a legacy you leave behind for your children. Just make that first move. You'll be amazed by how much potential is within your reach - right now!
Written in a very conversational, easy style. Filled with practical and useful tips, advice, and encouragement for people wanting to rent out a vacation home to pay for the costs of owning that home. In my case, we've got part of our house that we can rent out to people wanting to vacation in San Francisco, and I felt this was very helpful. It addressed many of my fears and concerns about having strangers staying at our home, as well as the nitty-gritty of how to deal with paperwork, advertising, payments, etc.
Has some good material - although a lot of it is just common sense. Unfortuntely the first quarter of the book was discussing what property to purchase and as it was American based some of it was not relevant to other markets.