Posted on 1/26/2018

Discover the Best Benefits of Owning a Rental Property

Discover the Best Benefits of Owning a Rental Property

Do you have a property on the shore of the Finger Lakes that sits empty for most of the year? Are you interested in finding a way to turn a profit with little effort on your part? Consider hiring a rental management agency to help you rent your property to area visitors. Finger Lakes Premier Properties has been assisting homeowners profit from their properties for over 24 years. We can help you sort through the pros and cons of renting your house. Think of your consultation with Finger Lakes Premier Properties as Owning a Rental Property 101. Discover the many benefits of owning a rental property and how we can help you start making money.

Join the Sharing Economy: Learn the Benefits of Owning a Rental Property

Your vacation home can be more than an escape from your busy life. It can serve as an investment, generating a profit and building your portfolio. Owning a vacation rental property means that you can make enough money to pay off the majority of the mortgage on the house. While your income may vary according to the size and location of your property, many homeowners report that they cover at least three-quarters of their mortgage.

Become a Rental Property Owner

So how do you become a rental property owner? If you?re reading this, you?ve likely already completed the most difficult part, which is purchasing a property. The next step is finding a reputable vacation rental management agency. If you own a house in the Finger Lakes, the answer is clear. Finger Lakes Premier Properties manages more than 250 properties on the shores of seven of the Finger Lakes. Some of our clients have been partnered with us for more than 20 years. This is due to our unwavering dedication to maximizing the profits of our homeowners and taking care of any disadvantages of property investment. Here?s a preview of the property services you can expect from hiring Finger Lakes Premier Properties:

  • Does researching the tax benefits of owning a rental property make your head spin? We will submit lodging taxes on your behalf to local governments as a complimentary service!
  • Not sure how to set the correct rate for your rental home? We will work with you to set a competitive rate that is appropriate for your property?s size and location. You will always have the final decision on the rental price.
  • If you?re worried about the impact of renting your property, we understand! You are welcome to establish the maximum amount of people allowed in your house as well as make certain rooms unavailable to guests. In regards to the wear and tear the comes with renting a home, Finger Lakes Premier Properties has developed a property protection program to cover the cost of accidental damages. Any negligible damages will be covered by the guest.

Contact Us With Questions

If you have more questions, then visit our FAQ page! We?ve answered the most common questions first-time renters have. Or you can always feel free to contact our offices. We have 24/7 customer support available to answer any other queries you may have.

So why wait? Visit our property management page and submit the form to receive a complimentary evaluation!

Previous Finger Lakes Real Estate Team Flattens Average Days on Market by 80% in 2017 Discover 5 of the Best Finger Lakes Golf Courses Next