Vacation Rentals for dummies

[Laughing_girl]

I manage one property here for a person who lives in Alaska, and she is finding that with being legal (all the taxes, ins, etc), her costs require $100/night at 100 rental nights a year rentals to break even. 100 days was used as a basis because that was the rental nights for last year and since it was her first full year, she is using the actual for 08 to project 09. If she gets more than 100 this year and they are consistently longer than her 3 night minimum, the per night costs will go down.

At this time, she is considering her options for vacation rentals or long term rentals and the drawbacks to both.

You do need a property manager and if that person has 2 or more properties to manage, it must be a licensed RE property manager. (John can tell you lic RE or broker or ?)