Archive for August, 2011

Top 3 Time-Saving Vacation Rental Management Tools for Vacation Home Owners

With property management firms charging as much as 45% of a rental property’s income, more and more vacation home owners are turning to the Internet to book their rental properties themselves in order to keep more of their rental income.

While websites such as HomeAway have given vacation home owners a new venue to advertise their rental properties, most vacation home owners are finding that these sites alone do not produce enough rentals to keep their properties fully booked. Even worse, vacation home owners are finding that the mundane tasks of replying to inquiries, manually sending out invoices and rental agreements, updating their properties’ availability calendars, and all the other tasks associated with replacing a property management firm all add up to a full-time job.

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Top 3 Ways to Use the Money From Your Home Equity Line of Credit!

A home equity line of credit is a great advantage for home buyers that renters do not have. You can take out some of the equity you have built up in the home, and use it for personal purposes. Many banks offer home equity lines of credit and it can be a great way to get some cash when you need it the most, or have it in mind for a specific use.

Home equity lines of credit can be given to the home owner all at once, as the money is needed through check payments, or like a credit card where the home owner can actually take out the money like a credit or debit card. These options can be specific to how the home owner wants to use the money and can be negotiated between the banker and home owner.

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