| Are you one of the millions of homeowners who are | | | | Breakables should be placed in safe and protected |
| in need of extra income to help cover the increasing | | | | areas and all valuable items should be removed. |
| cost of maintaining your property? If you are like | | | | De-clutter and organize your home to help prevent |
| most, you are probably agonizing over whether or | | | | possible damage. |
| not you should rent out your vacation home. Not | | | | 3. How much are you willing to offer. Some landlords |
| sure what to expect? It can be scary to think of | | | | still believe, "just give the renters a place to stay and |
| renters using your home unless you take the | | | | they will be happy." This is NOT true. Most renters |
| necessary steps to help prevent bad experiences. | | | | are looking for a clean, "home away from home" with |
| There are some rules you can follow. | | | | all to the luxurious amenities to go with it and most |
| There are several things to consider before renting | | | | are willing to pay premium rates. |
| out your property. Here are just a few: | | | | 4. Safety is the number one rule. Your home must |
| 1. Are you mentally and emotionally prepared for | | | | provide a safe environment for renters? Everything |
| renting out your home. This is a huge decision and | | | | should be in good, working order. If not, then fix it |
| you must have a clear understanding on what this | | | | before your renters arrive. |
| means. Many owners are excited about receiving | | | | 5. Insurance: Speak with your insurance agent about |
| rental income, but are not keen on giving back what | | | | your home owner's policy. Inform them about your |
| is really necessary. Having the right attitude is the | | | | rental plans. |
| key to being successful. | | | | 6. Taxes: Check with your local, state and |
| 2. Preparing your home for renters. This means, | | | | government laws about rental income from second |
| walking through your house and making a list of | | | | home property. |
| which furniture, items and belongings should stay. | | | | |