Click Here

REALTORŪ Magazine Online: The real estate professional's business support tool.


Daily Real Estate News  |  September 12, 2008  |   Renting Out a Second Home Offsets Costs
Renting out a second home can be a source of income in a tight economy, but the competition is increasing, says Christine Karpinski, author of How to Rent Vacation Properties by Owner.

Management companies charge between 30 percent and 40 percent, but many renters have success advertising on or and handing the details themselves, according to Karpinski.

Owners say they don’t make a ton of money renting out their second home, but breaking even is a realistic goal.

In this economy, you may have the greatest chance of success if the home is located less than two hours from a city, Karpinski says.

Source: Star-Tribune, John Ewoldt (09/09/08)

Browse all of today's news
E-mail this page to a friend
Give us feedback

Search news
Launch my search
Subscribe to news
Subscribe to News
Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns.

RSS Feed
Get the Daily Real Estate News delivered straight to your desktop or news aggregator. (New to RSS? Learn the basics here.)
How did you sell it?
Tell us how you overcame hurdles to sell a challenging or very unique listing!