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.

Peabbles Cove Cottage
Photo: Deborah Whitlaw Llewellyn

Take Advantage of Any Tax Breaks

In addition to deducting your broker’s commission, there are other tax incentives that work to your benefit. If you use your home fewer than 15 days a year (or 10 percent of total rental days, whichever is greater), it is considered a rental-only income property and is eligible for a raft of tax deductions, including utilities, condo fees, housecleaning, and repairs, according to Mark Luscombe, an analyst with CCH, a tax information service.

Rent this cottage.

More Ways To Get Coastal Living

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29 Delicious Salads

Our best and most flavorful salad recipes play more than just a supporting role, they are the star of the table.

Grilled Tuna Salad Nicoise