Owners are realizing that, in a soft economy, their vacation homes can be a welcome source of extra income. Here’s what you need to know to become a successful landlord.
Photo: Harlan Hamright and Richard Leo Johnson
“People expect a high-end vacation home to be as good or better than their primary residence,” says Stiles Bennet, president/head of marketing for rental company Wimco. Homes should have Wi-Fi and all the latest gadgets, plus plenty of linens and dishware. Tenants are attracted to pools, as well. Installing one won’t be cheap, but the cost can typically be recouped in two or three seasons.