Plan for Great Escapes

Dreaming of a second honeymooon or vacation house by the sea? Check out these expert financial planning tips plus real-life advice from coastal dreamers like you.

Smart Tips for Renting Your Beach House

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.

Casitas by the Sea
Photo: Jean Allsopp

Consider Using a Broker

Some owners choose one agency to keep an eye on the property, make small repairs, and ensure the place is clean; others prefer to get maximum exposure by listing with multiple brokers. “They take the hassle out of renting,” says Jane Arginteanu, who rents her three-bedroom East Hampton home. “You have recourse if something goes wrong. Plus the commission [10 to 50 percent] is tax-deductible.” If you choose not to use a broker, you can reach a wide audience of potential tenants by listing on a Web site, such as homeaway.com. The cost is typically a few hundred dollars.

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Top 21 Beaches, Coast to Coast

Plan your summer getaway now: From white strands to secret coves, we've found the ultimate spots by the shore, plus fabulous lodging so you can stay as long as you like.

The Cove Beach, Cape May, New Jersey