On a bit more dry of a note than usual. Some interesting news coming from the IRS.
Good news is just around the corner for owners of 2nd homes, vacation property and seasonal rental-units. The Internal Revenue Service will soon unveil a new safe-harbor rule for investors that own (or want to own) vacation properties. This new procedure will allow owners who primarily rent out their vacation homes, but occasionally use them for some personal use, a way to defer all their capital gains taxes by using a 1031 tax exchange.
Read all about it here:
http://www.prweb.com/releases/vacation_homes/1031_exchange/prweb718714.htm
Ok, on a more humorous parting shot from a recent vacation to the beach:
Tags: vacation home rental, vacation property manager, vacation rental owner, vacation rental software