Kay Carlson Realtor - Remax Mountain Properties discusses how to choose a vacation rental property in Prescott

A vacation rental is typically property that is purchased as a second home and investment property. The rental income that is generated is helpful to offset some of the costs of owning the home. Kay Carlson Realtor - Remax Mountain Properties offers some suggestions on choosing a vacation rental home in Prescott.

Location, Location, Location
An important factor in choosing a vacation rental property is where it is located. Choosing an area that is a desirable vacation destination means the home will likely have a steady stream of renters. Prescott is ideal because it:

• Is visited often by tourists
• Offers outdoor activities such as lakes and hiking trails
• Has a bustling downtown area with restaurants and galleries
• Boasts great golf courses
• Enjoys temperate seasons

Enlist a Real Estate Agent
While there are a number of online sources you can search, you are best served by working with a local real estate agent who has knowledge of the area and the expertise to help you through every facet of your property purchase. An experienced agent will also be able to check comparable properties and ensure you are receiving the best value for your investment dollars.

Management
If you intend to use your property as a short-term vacation rental, your agent will be able to refer you to vendors who can provide needed services such as cleaning, landscaping, maintenance, insurance, and security. Consider doing some research on vacation rental companies like Airbnb and VRBO (Vacation Rentals by Owner) to set appropriate rental rates and fees.

Buying a vacation rental property can be a great way to invest in real estate, offset some expenses of home ownership, and still enjoy your favorite vacation spot right in your own second home. Whether you are looking for a cabin, a condo or a single-family home in Prescott, Kay Carlson Realtor - Remax Mountain Properties wants to help you choose the vacation rental property that is right for you. To schedule an appointment, call Kay at 928-778-1010. Learn more at http://www.prescottinvestmenthomes.com.

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Prescott Investment Homes
Vacation Homes in Prescott
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Kay Carlson Realtor - Remax Mountain Properties shares reasons to buy a vacation home in Prescott

The purchase of a vacation home is one of the few investments that offers the buyer both personal and financial rewards. Kay Carlson Realtor - Remax Mountain Properties suggests reasons to buy a vacation home in Prescott.

• Plan for your retirement

Retirement may be a few years (or decades) off, but buying a vacation home now opens up some very versatile options for you. Where do you want to retire? Near a lake, in the mountains, or even in your favorite small-town oasis? Would you love to have your children and grandchildren visit your vacation home for holidays and other special occasions?

• Diversify your investments

When you buy a vacation home and rent it out while you are not vacationing, you can create a new stream of income. This revenue can supplement your salary and any other interest-bearing income you earn. If you choose this route, you will want to work with an agent who has the local experience and vacation rental understanding to help you buy a vacation property that is a good income generator in a great market.

• Build wealth by building equity 

When you buy a vacation home, you become part of a community of investors who understand the value of purchasing and holding real estate. Your property can be a great personal investment or a significant part of the estate you leave for your family. Don’t feel compelled to try to pay cash for your vacation home or even cash in your savings. Nearly 75% of people who buy a vacation home invest through some form of financing, while still building wealth for the future through equity.

Kay Carlson Realtor - Remax Mountain Properties hopes these reasons to buy a vacation home in Prescott are an inspiration you. If you are thinking of purchasing Prescott vacation property, find the perfect investment for you and your family! Begin your home search by calling Kay Carlson Realtor - Remax Mountain Properties today at 928-778-1010. Learn more at http://www.prescottinvestmenthomes.com.

ADDITIONAL INFORMATION
Prescott Investment Homes
Real Estate in Prescott
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Kay Carlson Realtor - Remax Mountain Properties shares benefits of buying vacation rental property in Prescott

Thinking of buying a vacation rental property in Prescott? There are a number of benefits to doing so, and Kay Carlson Realtor - Remax Mountain Properties shares some of the best reasons for choosing to buy in Prescott.

Dual purpose
Buying a Prescott vacation rental home has one distinct advantage: providing owners with a dual-purpose property. Homeowners can use it seasonally for family vacations, and then rent it out to guests during the rest of the year.

Generating Income
A vacation home is a potential source of additional steady income, offering you the luxury of enjoying your own personal property that happens to make money on the side. If you buy a vacation home and also use it as a short-term rental, the resulting income can aid you in paying the mortgage as well as other predictable expenses (insurance, maintenance, repairs and property tax).

Appreciation
In addition to earning money in the short run through rental bookings, a vacation rental, like most real estate, also makes money through long-term appreciation and naturally rising values. When you're ready to sell your vacation rental home, you can typically sell it for a much higher price, especially if your property is located in a high-demand area.

Tax Deductions
Similar to your primary residence, a second home also has its tax advantages in the form of tax deductions. However, unlike your primary residence, the tax advantages for your vacation rental can get somewhat tricky depending on the number of days you rent it out and the number of days you live in it. Working with a professional real estate attorney or tax accountant will ensure that you are getting the maximum tax benefits from your property.

If you are thinking of purchasing Prescott vacation property, there's still time before tax season to find the perfect property for you and your family. Begin your home search by calling Kay Carlson Realtor - Remax Mountain Properties today at 928-778-1010. Learn more at http://www.prescottinvestmenthomes.com.

ADDITIONAL INFORMATION
Prescott Investment Homes
Second Home in Prescott
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Kay Carlson Realtor - Remax Mountain Properties has tips for your vacation rental in Prescott

If you are considering investing in a vacation home in Prescott, and part of your plan is offering the vacation home as a rental when you’re not using it, there are a few things Kay Carlson Realtor - Remax Mountain Properties recommends you do to secure the safety and security of your rental property between occupancies.

Exterior Maintenance
Arrange to have the yard regularly maintained including mowing, weeding and watering during the summer months and snow and ice removal during the winter. Also arrange to have any advertisements, flyers and mailers tossed in the driveway or left at your door picked up daily.

Turn on the Lights
Always set the lights in your home on a timer. Make sure you are using timers that allow you to set each room's lights to turn on or off at a variety of times during the day/evening. Exterior motion sensor lights are a must and can be easily and affordably added to your property if you don't already have them.

Eight Eyes Are Better Than Four
Make friends with your neighbors on both sides of your street. Give them your phone/text and email and ask them to let you know right away if they see anything suspicious. They can also let you know if they notice a problem like damage after a monsoon or a broken sprinkler or other kinds of incidents which might cause concern.

Invest in Good Locks
Invest in a Bluetooth keypad. They are very easy to install and you can assign private codes to your friends and family, or even a trusted neighbor. A Bluetooth keypad lock will notify you anytime someone enters your home. But good locks don't matter if you don't make absolutely sure all the doors and windows are locked each and every time you leave the property. Whatever you do, do not leave a spare key under the doormat, a fake rock or in a potted plant.

Investing in a Prescott area rental property means having property in a city that is a tourist favorite. Real estate is the perfect investment to enjoy while its value is increasing. If you’re considering buying a second home in Prescott, begin your search by calling Kay Carlson Realtor - Remax Mountain Properties today at 928-778-1010. Learn more at http://www.prescottinvestmenthomes.com.

ADDITIONAL INFORMATION
Prescott Investment Homes
Land for Sale in Prescott
Helpful Articles