Vacation For Rent By Owner

Thinking of buying a ski condo pr possibly renting one you already own?  If so, you need to consider a few BIG questions according to Christine Karpinski, author of "How to Rent Vacation Properties by Owner" (Kinney Pollack Press).

The first issue is location.  In a ski-condo market that means being on or near the slopes.  Also consider the extras (ie multiple bedrooms, hot tub, fireplace etc...).  According to Karpinski, the traveling public today wants more amenities like flat-screen TVs, hot tubs and big bathrooms.

The final big question is:  Who's going to be in charge of the rental process?  If your looking to do it through a property management service, it might be better to buy where there are managers on site with experience and history.  If you choose to do the renting yourself, you gain anywhere from 30 - 50% of what a property manager may charge.

Click here for more information (including useful links) about how to rent vacation properties from Ms. Karpinski or visit Homeaway.com.