Does Your Vacation Rental Property Need a Name?

While the lure of a name can lend a romantic air to vacation home shopping, others take a more practical approach when picking a vacation rental. Roselle H. from Scotch Plains, New Jersey, says, “I look at the furnishings and how clean and uncluttered the home looks.”

Rosemarie B. of Staten Island, New York, has been vacationing with her family on the Delaware seashore for the past 15 years and says, “Our primary considerations when renting a property are the quality of the home and amenities, the space configuration, and other renters’ comments and experiences.”

While some homes Rosemarie’s family has rented over the years did have names, it was not a deciding factor. She adds, “The quality of the property has not, in our opinion, ever been impacted by whether or not it is named.” However, she did note having a name usually made it easier to remember the Wi-Fi password during their stay.

What’s in a name for your vacation property?

As evidenced by these three vacationers, a home’s beauty and amenities still reign supreme when making a decision on a rental property. As an investor, those should be your focus. But should you also want to accent your vacation property with a name, choose wisely. Here are some things to consider:

  • Put some personality into it: People go on vacation to get away from it all and have fun. Give your property a humorous name — puns are more than welcome — that makes them feel they can do just that.
  • Keep your renters in mind: If you’ve got a log cabin in the woods perfect for renting to extended families, “Love Shack” is probably not the best name for it.
  • Make it fitting: Incorporate the local geography or weather into the name so that merely hearing the property’s name evokes a strong sense of place.

The Millionacres bottom line

If you do have a vacation property, it’s your prerogative to name it — or not. But a name does have a way of lending a property some charm. Remember, it’s always more fun for someone to say they spent their vacation at “Shore Enuff” rather than just a two-bedroom condo on the beach.

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Lakefront Vacation Rental Homes

When considering lakefront vacation rental homes, statistics suggest that vacationers show a preference for lakefront properties. This can be explained keeping in mind the cool breeze, privacy, proximity to the water body and possibility of engaging in water sports and swimming for a major part of a holiday. Lakefront vacation home rentals tend to be privately owned property. Otherwise, they can be acquired by hoteliers and transformed into well-advertised commercial vacation properties. Depending upon ownership the scope of service and amenities provided are altered. Lakefront vacation rental homes, when owned by individuals, are very similar to service apartments. This is because homeowners tend to hire porters, house cleaners, and chauffeurs to cater to guest requirements. As such, rentals are compared to star-rated service apartments within the area.

Lakefront vacation home rentals tend to be pricey as compared to regular rental properties. This is determined by its uniqueness of location and the view it provides to the tourists. Vacation homes may provide boat rentals, swimming gear and underwater equipment rentals as part of all inclusive holiday packages. Lakefront vacation home rentals are preferred by larger families and families with children. This is because these holidays provide a source of continuous recreational activities along with being an ideal platform to allow family members to bond through fun and games.

Though classified as residential real estate in most cases, these purchases prove to be far more expensive than regular housing properties. Owners rarely use lakefront vacation homes except during vacations and family gatherings. If these properties are large enough, owners can use them even when guests are staying over. As such, they are almost always put up for rent and help bring in favorable returns for owners. In case, owners do not reside within the same city, they may vest rental activity rights and responsibilities to reputed real estate agents who work on their behalf for exchange of a regular service charge.…

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Tempe, Arizona Vacation Rental – Affordable & Cheap

A Tempe, Arizona Vacation Rental offers the vacation the splendors of being in the center of the Valley of the Sun. There is so much to do and see in Tempe that can be done only if the vacationer can linger a little longer. The university campus has a number of attractions to the more academic minded vacationer and interesting attractions for the casual vacationer.

Tempe has many interesting things to do and places to eat. The famous, ‘cereality café’ at the University campus serves different types of cereal with students serving you in their pajamas. There are 65 restaurants offering fine dining and casual eateries offering varied cuisine from Ethiopian to Mexican. The Papago Park is a popular picnic spot. The well known Arizona Mills Shopping Mall and the Mill Avenue Street have unlimited shopping and street festivals. The IKEA shop has an IKEA restaurant offering Swedish food.

The sunny weather of Tempe, Arizona gives the outdoor vacationer plenty of outdoor activity. The University Arboretum has interesting species of desert trees and is well worth a days visit. Golfing in the many courses around Tempe and water sports and kayaking on the Tempe Town Lake are exciting outdoor attractions in Tempe. The beach of the Tempe Town Lake is a hub of activity for vacationers of all ages. There are many museums and art galleries for every taste and interest in Tempe. To savor all that Tempe has to offer, the vacationer needs a whole lot of leisure and the will to enjoy. Tempe, Arizona has an efficient bus service and vacationers do not have to rent cars to get around.

There are different sizes and types of Tempe, Arizona vacation rentals. This makes it ideal for vacationers traveling with their family and hospitable vacationers who like to invite guests during the vacation. The most popular vacation rentals are condos which are available for rent on weekly and monthly terms. Many condos cater to golfers and arrange rounds of golf and game improvement lessons for golfers. Some Luxury condos are known for the views, the amenities and the conveniences offered. Condos are located within easy access to shops groceries, and restaurants.

Other types of Tempe, Arizona vacation rentals are villas and town houses often located in gated communities so that the vacationer can have a secure feeling while on holiday. These houses and villas are fully furnished and have fully fitted kitchens Some even have swimming pools.

Log cabins with a rustic feel but all modern conveniences are also available for rent to give the vacationer a quintessential back to long ago feeling without compromising on modern needs.

Most rental properties come with furniture and fully fitted kitchens. High speed internet connections are available for business as usual during vacations. The minimum rental period is two nights or three nights during holiday weekends. Some rental properties have a no pets policy and almost all have a no smoking policy. Violation of these terms results in immediate eviction without refund …

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Camper Dealers’ Rental Programs Make Long Distance Travel Easy

Most people believe that camper dealers only sell and store RVs. Not so. Rentals are growing in popularity as an alternative to expensive hotel stays during cross-country trips. Not only does renting reduce lodging costs, it also allows families to travel on their own terms, making detours to visit attractions and areas of interest along the way. So, is renting the right choice for your family? There are a few things to consider when deciding.

Eliminate the Hassle

Does your family travel every summer? Do you long for the open road in between camping trips? Are you looking forward to the sights and sounds of travel and the excitement of visiting new places? If you love camping but lack the space, funds, or inclination to purchase an RV yourself, it’s worth visiting local camper dealers to view their rental inventory. A rental allows families to take their vacation, come home, drop off the trailer, and go back to day-to-day life without the work and worry of winterizing, cleaning, and storing the vehicle. For families who love to travel but don’t love the trouble and expenses associated with owning, renting makes sense.

Budget

Purchasing and maintaining a recreational vehicle is a pricey proposition. Camper dealers offer storage options during the offseason, but there’s still the insurance expenses and registration fees. Renting eliminates all of those expenses, and you only pay for it when you’re using it. For families who only travel once or twice a year, renting may be the most affordable option.

Traveling with Extended Family or Friends

Even if you already own a small to mid-sized RV that’s large enough to travel with your spouse and children, a special trip that includes extended family or friends may require more space. A second trailer or a larger one to accommodate a larger group saves the trouble of setting up tents and reduces the hassle of trying to cram too many people into a small space. It is also often possible to rent a luxury model with more amenities, like indoor running water and a larger bathroom, for a trip that includes aging parents or inexperienced campers who aren’t used to the lifestyle. A rental can make sense when traveling with a large group.

Whether you travel frequently or occasionally, rentals from camper dealers are a great way to take your family on a road trip. Renting an RV allows room for all your baggage and provides a richer travel experience. Quiet evenings around the campfire, toasting marshmallows and recounting family stories are the experiences that will stay with you. Consider renting an RV for your next trip and make the experience of traveling part of the journey. RV rental is about more than saving money. It’s about building memories.…

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A Guide to Vacation Rental Home Options

You might just be planning a short holiday – in which case you’ll likely be weighing up the pros and cons of staying in a hotel room versus renting private accommodation. The decision you make here is dependent on a number of factors, namely how long you’re going to be away for.

If your stay spans only two or three nights, a hotel room may be worth consideration – especially if you’re going to be out and about during the day. Hotels can provide a great solution for individuals or couples, as long as you’re prepared to eat out at restaurants or order room service.

If you’re travelling in a larger group or as a family, however, hotel rooms can be very limiting in terms of space. The same applies if you’re planning on being away for more than a couple of days, as a hotel stay can feel very restrictive.

The one major plus side of staying in a hotel is the access to a range of services – such as cleaning, laundry and having your meals cooked by a professional chef. Having these things taken care of can make the holiday feel more like a luxury break and frees you up to enjoy quality time.

What many people don’t know is that there are many private rental options that offer these same services. For example, you and your family could stay in a fully managed condo, where full maid, bar, chef and even butler services could be at hand.

By choosing a managed rental home, you will take the day-to-day stresses out of your holiday, whilst enjoying more space and privacy. These domestic services may be available in a whole range of rental homes – apartments, villas and houses for instance – so it’s worth looking into if you don’t want to stay in a hotel.

Villas are often the ultimate go-to accommodation for luxury retreats. This is often because they are vast and roomy, as well as being found in secluded locations. Many will have gardens or grounds, as well as an outdoor pool.

Villas are available from 1 or 2 bedrooms up to 8 or 10, so can provide an ideal solution for any number of guests. How large your villa is and its unique features will obviously depend on what you need for your holiday. It’s a good idea to talk this over with an experienced travel adviser.

Apartments are often smaller, but can be ideal if you’re travelling individually or with a partner. Many people would rather not to stay in hotel rooms when they are travelling alone, preferring the peace, tranquillity and solitude of a private rental home.

Holiday apartments can be great if you’re looking for a place to cook meals as well as sleep and use the bathroom facilities. Those looking to rent longer term but still adhere to a limited budget may benefit from an apartment more than a condo or villa.

Condos provide a happy medium between a hotel …

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Vacation Rental Accidents: What to Do

Spring break is just around the corner, and that means that a lot of people might be itching to escape to a new place. It may also mean that you are itching to leave Florida and head to a new destination in order to avoid the spring break madness. Renting an apartment away from home on a website like AirBnB can be a lot of fun, and it can also open up many new horizons – you will, after all, get to see what it’s like to really live as a local.

But what happens when an accident occurs on a rental property? Who do you call and who is to blame? While the laws in every state are different, there are some basic things that you should do right away if you are injured on a property that is not your own.

We’ll also cover what you should do if you rent out your property and someone becomes injured while staying in your home.

Before you book any vacation rental, take a close look at this!

Renting to Strangers

When you rent out a home to a stranger, you should be aware that there is always a possibility that someone might get hurt while staying at that location. If someone that is renting from you calls and tells you that they have become hurt, here are the steps that you should take right away.

  1. Since you are not at the location at the time of the accident, make sure that the injured person visits with a reputable doctor right away. Ask to see that report.
  1. If you have a friend or family member in the area, ask that person to visit the property when the accident happens, and ask that person to take as many photos as possible.
  1. Make sure that the injured person files an accident report at the hospital or with the police. This way, you can be sure that what happened has been accurately documented.
  1. Make your way back to the property as soon as possible – and make sure to review your insurance policy. You may also want to look into any injury policies that may be part of the service you used.

Following the steps above is important, but there are also some things that you should absolutely not do including:

  1. Do not take the person’s word and send or wire money to cover the cost of injuries
  1. Make sure that the doctor the person visits with is reputable – there are a lot of scams out there!
  1. Never alter the scene of an accident, no matter what.
  1. Do not lie and say that you were on the property when you were not. The truth always catches up to you!

Injured When Staying At Someone’s Home

So what do you do if you’ve rented a gorgeous property, and you become injured? Follow these steps:

  1. Go to the hospital right away, so that your injuries are documented.
  2. Take photos of the area where you fell
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Key West Florida Vacation Rental: Your best Destination

Aptly named the sunshine state, Florida reigns as the most popular holiday destination for its long stretches of sandy beaches, larger-than-life theme parks and near perfect climate all year round. Fringed by 1,200 miles of sugary white beaches and lapped by clear blue seas, the Gulf Coast of Florida offers a unique blend of tropical sunshine, modern Miami culture and warm Southern hospitality. The best way to experience the true spirit of Florida is through a vacation rental home and A1 Florida Vacation Rentals is just the destination for choosing an ideal vacation rental.

A beachfront condo on the Gulf Coast offers enthusiastic beach lovers the perfect sand and sea holiday. Whether it is enjoying a round of golf in the cosmopolitan city of Naples; canoeing through the waterways of Sarasota; fishing at Fort Myers Beach or savoring delicious seafood in Tarpon Springs; Florida Vacation Rentals ensures you have a good time both indoors and outdoors with its exclusive vacation homes.

Shopping buffs can loosen their purse strings in the fashionable city of Miami. Literally a melting pot of cultures, Miami has something for everyone and a beachfront condo or an apartment from Florida Vacation Rentals provides the perfect outlet to this vibrant city.

A vacation in Florida would be absolutely incomplete without paying a visit to Mickey’s homeland, Orlando. Brimming with extravagant theme parks, shopping malls, late-night bars, restaurants and family catered entertainment; it’s no surprise why Orlando is called America’s theme capital. In this larger-than-life city, why confine yourself to a boring hotel room, instead opt for a spacious beachfront vacation home from Florida Vacation Rentals. Whatever region or activity you plan to choose in Florida, there’s only one choice for vacation rentals and that is Florida Vacation Rentals.…

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3 Things You Should Always Look For In A Vacation Rental

Traveling away from home can make some people anxious because at home, your bed feels a certain way, you know all of the TV channels, and everything feels cozy. Vacation rentals aim to make travelers not feel any differently about their lodging. You should be able to see it as a “home away from home.” Better yet, because you are renting and properties are doing what they can to attract your business, you and your family may find that your prospective rental may offer some great perks.

When planning your next trip, you need to have a few ideas in mind for what you want your lodging to provide. Here are three things that should be near the top of your list:

1. Provides the Basics – Your rental needs to provide basic amenities to you and your family. Each family has its own way of defining the basics, so it is important for families to get together & figure out what they absolutely feel they need and see what places offer those things. Do you need a full kitchen? Are mountain views necessary? How many bathrooms are essential? It is a simple idea, but because it is so basic, this little detail can fall through the cracks. As part of your research, compare rental properties & most importantly, make a few calls.

2. Proximity to the Actual Vacation – As much as your vacation is the reason for traveling, getting to the fun stuff can sometimes be made less fun because you’ve rented lodging too far from the hub of activity. It may be too far for walking, which means you’ll need to think about renting transportation. Your time is very valuable, and you have worked hard to earn this time off for your loved ones; don’t spend it hoofing it the entire trip & wearing yourself out.

3. Safety – No one likes to think about what could possibly go wrong during their vacation, but it is important to think about how your vacation rental property provides a safe environment. If a property deals with out-of-town visitors on a regular basis, would be ne’er-do-wells know that visitors can often travel with cash. Does your rental have a safe place for any valuables? When it comes to amenities such as a pool, is there a lifeguard on duty? Is there a first-aid kit available in your rental for general bumps & bruises that can happen? Be sure to research online ratings and reviews from previous visitors and see what they have to say. What’s more, put together a checklist of important safety items & talk directly to property employees.

It is always important to remember that you need to do your homework when it comes to choosing your vacation rental. Choosing the right place to stay and call your “home away from home” is absolutely key to everyone’s happiness. Vacations are times to make lifelong memories, and you don’t want a bad lodging experience to serve as the one …

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Bundle Vacation Deals Info: How to Find Airfare, Hotel Accommodation, and Car Rental Discounts

There are places you want to go, entertainment you wish to experience, landmarks you hope to see, etc. Whether it’s for leisure or business, everybody wants to have a bit of fun on their next trip. One way to save is to search for bundle vacation deals. A lot of travel booking services make it easy to book the flight, airfare, and car rental together – and offer special savings when you do so.

These days, travel sites track each visitor’s current location and automatically show recommendations on bundle vacation deals from the nearest airport to other cities. Sometimes a hotel stay for a select number of nights is also suggested along with the airfare. What are the cheapest places to fly to right now from the nearest airport? You can sort the results in a number of ways, including ascending price, descending price, hotel rating, number of nights, etc.

If your travel plans include flying from an airport that is NOT near your current location, you can easily change the departure location or simply use a private browsing session. You can be as flexible as you wish as well with the airport and dates. In fact, experts recommend being flexible with your travel plans since fares go up or down on a frequent basis.

It’s also easier to save on bundle vacation deals if you are willing to have connections when your flight. Nobody likes the hassle of having to either sit and wait all day at multiple airports OR trying to run through an airport to catch a connection, but if you are willing to do so, it will be easier to obtain cheap airfare.

Other Considerations in Bundle Vacation Deals

Even if you plan on going on a cruise, you still will likely need a hotel to stay the night before departure, as well as airfare if you don’t live in a city with a cruise port. Almost any trip these days, regardless of the circumstances will probably require at least one night’s stay at a hotel or motel. However, a lot of hotels only give discounts if you stay for at least two nights in a row, so you might want to adjust your travel plans accordingly. It might actually be cheaper to book for an extra night instead of just on.

Another thing to consider when looking for bundle vacation deals is car rental. Most travel discount sites will let you search for a car rental as well as airfare and hotel accommodation. Just enter the pick-up and drop-off locations and the dates for which you will need the vehicle. If you don’t plan on renting a car, then look and see which hotels offer airport shuttles when comparing rooms and rates.

No matter where you want to go, online websites can help you get there at an affordable price. Use the site’s search and comparison tools to find bundle vacation deals and decide which one is the best for you. You can also save …

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Vacation Rental 1031 Exchange

We are often asked whether tax liability from the sale of a vacation home can be deferred using the procedures of IRC section 1031. The answer to this question is found in Revenue Procedure 2008-16.

The general rule for ALL 1031 exchanges is that the property must be held for primarily for investment of use in trade or business. In order to prove that your vacation home is held primarily for investment, and is therefore 1031 eligible, rather than for your own personal use the Internal Revenue Service (IRS) set out specific parameters for you to follow. This is known as a “safe harbor.” Those parameters are:

For the Relinquished or Old Vacation Property you must have:

Owned the property for at least two years, and;

In each of those two years, the property must have been rented for 14 days or more at fair market rent.

For the Replacement or New Vacation Property

Owned the property for at least two years, and;

In each of those two years, the property must have been rented for 14 days or more at fair market rent.

In addition to these “safe harbor” requirements there are additional requirements:

Your own use of the1031 exchange vacation homes must be no greater than 14 overnights or 10% of the days rented per year, whichever is less, but excluding time spent at the property for repair and maintenance.

The term “safe harbor” means that the IRS will not challenge your 1031 claim of tax deferral if you can prove these facts. The burden of proof is always on the taxpayer. If you 1031 exchange vacation homes and are unable to prove these precise facts your 1031 exchange may still be honored. But it will be subject to greater scrutiny by the IRS. When you do not meet the “safe harbor” test you can still prove investment intent by other facts and circumstances. Some of the best ways to prove investment intent are:

Keep an analysis of the property’s investment potential when you buy it. Market trends and resale potential are important parts of this analysis,

Schedule your vacation home on your tax return under your schedule E,

Take depreciation,

Show income from the property,

Keep track of your personal use time, and remember time spent on repair and maintenance is not counted as personal use time,

Make improvements to the property that will maximize its investment potential,

Do not list the property on schedule A of your tax return.

Show why you sold the property in less than two years makes sense from an investment point of view.

Keep in mind that when advanced planning is possible most taxpayers convert their personal use vacation property to property held primarily for investment under the above stated safe harbor rules prior to per forming a 1031 exchange. A second home can be converted to an investment property, changing the character by placing the property into a rental pool, reducing personal use and itemizing the property on Schedule E …

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