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Ready to Buy (and Insure) Your Vacation Home?

There’s something so enticing about the idea of owning a vacation home. It’s the vision of a special place that feels both familiar and an escape at the same time. It is a place to make memories. And a place your hard-earned dollars translate not only into luxury, but a return on investment. However, like all large purchases, a vacation home isn’t something you should jump into without lots of thought and number-crunching. Here are five things you need to consider before making an offer on a vacation home:   Practicality Okay, so being practical is probably the furthest thing…

What You Need to Know Before Renting Your Home on Airbnb

As of early 2017, more than 150 million people have used Airbnb, the world’s most popular online marketplace for short-term lodging. Globally, that translates into more than 500,000 stays every night. Still, the market isn’t saturated, especially in certain areas. If you want to become an Airbnb host, the platform – and its massive base of enthusiastic users – makes it easy. Still, there are some things to consider before making your property available to rent on Airbnb: Consider When, How and How Often You Want to Rent Depending on your personality, level of commitment and financial expectations, you can…

8 Tips for Win-Win Vacation Rentals

Whether you’re a renter or an owner, vacation rentals can be a double-edged sword. Whereas the passive income generated by renting out a vacation property can be a welcome resource for owners, the costs of upkeep and risks associated with letting total strangers into your home can be prohibitive. Meanwhile, those looking to rent can typically get a lot more space per dollar than they would in a conventional hotel room – but how can they be certain they’ll be getting what they paid for? For both sides, covering your bases is key. Whether you’re renting a vacation property yourself or…

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