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How to Rent Vacation Properties by Owner
 
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How to Rent Vacation Properties by Owner (Paperback)

by Christine Hrib Karpinski (Author)
5.0 out of 5 stars See all reviews (2 customer reviews)
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Product details

  • Paperback: 350 pages
  • Publisher: Kinney Pollack Press; 2nd Revised edition edition (1 April 2004)
  • Language English
  • ISBN-10: 0974824992
  • ISBN-13: 978-0974824994
  • Product Dimensions: 24.9 x 17 x 2.5 cm
  • Average Customer Review: 5.0 out of 5 stars See all reviews (2 customer reviews)
  • Amazon.co.uk Sales Rank: 287,305 in Books (See Bestsellers in Books)

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Product Description

Product Description
In this all-new, updated edition, author and speaker Christine Hrib-Karpinski takes readers through all the steps necessary to purchase and rent out a vacation home. This book contains practical, hands-on advice that shows the reader how to do it without property management companies, and keep 100 percent of the profits. It offers realistic strategies to create a situation in which renters pay the mortgage, while still allowing the owner several weeks a year in that little slice of paradise.

From the Author
I could not afford to buy a vacation property, but...I wanted one anyway. During my quest, I stumbled upon a vital loophole that rarely surfaces when looking to purchase vacation property "Renting by Owner." Unfortunately, there aren’t many resources out there to provide much-needed answers on how to take advantage of this oft overlooked, and as I found out, important loophole. So I wrote this book to fill the void.

I bought the vacation home of my dreams, and I spent more for it than I did for my primary residence. I have never regretted it. I had positive cash flow from day one. Others became curious and asked if I would share my knowledge. I did. Word of mouth spread, and I started giving seminars to teach people how to own a vacation property and rent it themselves.

These pages are filled not only with my own observations and experiences, but also with true stories I’ve compiled from conversations with hundreds of owners. Over the years, they have opened up and shared with me their challenges and triumphs. I’ve changed their names for privacy reasons, but you will find a treasure trove of wisdom in their anecdotes. Whatever situation you become involved with, fear not... you’re not alone. The people I’ve worked with have found innovative strategies that really work. Now you can benefit from their experiences as well. --This text refers to an out of print or unavailable edition of this title.

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Customer Reviews

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3 of 4 people found the following review helpful:
5.0 out of 5 stars Excellent Advice on Renting Out U.S. Vacation Homes, 8 Jul 2004
By Professor Donald Mitchell "Jesus Makes Me a P... (Boston) - See all my reviews
(TOP 10 REVIEWER)      
This review is from: How to Rent Vacation Properties by Owner: The Complete Guide to Buy, Manage, Furnish, Rent, Maintain and Advertise Your Vacation Rental Investment (Paperback)
If you haven't ever owned and rented out a vacation or second home, you probably have the same concerns that I have: How will I find renters? Will people destroy the property? Will people sue me? How will I get the toilet unclogged at 4 a.m. from a distance? How will I avoid having a terrible negative cash flow? How much time will this really take? Am I turning myself into a minimum wage slave?

Relax! Ms. Christine Hrib Karpinski answers all those and many other questions you didn't know enough to ask. She also provides details of how she does everything efficiently and relatively painlessly.

Further, she gives you good advice on how to decide what property to buy, how much to charge, who to rent to, where to advertise, how to write the copy and even how to create great photographs for a Web site. In fact, both the marketing and the administrative details she provides are outstanding. My only suggestion is that you have an attorney in the state where your property is check out the forms she suggests (or obtain the standard forms used by landlords in that state). Naturally, if your home will be in the UK, you need to refer to UK laws and regulations which are not covered in the book.

The only area where the book doesn't cover a related subject in detail is in the tax advantages. If she does another edition of this book, I suggest that she have a c.p.a. write up a section on that point. As a result, the book makes it seem like you will make less than you actually will.

Her focus is on long-term ownership and rental, but she also points out how you can make substantial short-term gains. The section on the current mortgage options is excellent.

Even if you decide not to buy a vacation home and rent it, I suggest that you read the book for advice that will be valuable to you as a potential tenant of such properties. You can more than save the price of the book in that context.

I recommend that you do the work she describes for setting rental prices and marketing a property BEFORE you purchase a home.

Good luck!

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1 of 1 people found the following review helpful:
5.0 out of 5 stars Excellent Read, 4 Nov 2005
By Darren (Leeds, England) - See all my reviews
This review is from: How to Rent Vacation Properties by Owner: The Complete Guide to Buy, Manage, Furnish, Rent, Maintain and Advertise Your Vacation Rental Investment (Paperback)
The books is a MUST for any vacation rental owner, who is wanting to maximise their properties full potential. Whilst I'm not an owner I have worked in the holiday rental industry for the past five years, and have learnt so much more about the industry since reading this book.

The book includes a list of vacation rental websites and other marketing ideas to promote your home on the internet and offline - get to know what holidaymakers look for when renting your home. First impressions count.

Excellent book, worth every penny.

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