Owning beachfront property is the dream of many people who enjoy waking up and hearing the tranquil sounds of water against the shore. However, if your beach condo is not your primary residence, you may wonder what to do with it between visits. Below, the team at Alabama Vacation Home Rentals discusses the merits of listing your beachfront property as a rental.
3 Reasons to Rent Out Your Beach Condo
1. Generate Cash Flow With Little Work
Beachfront property is very desirable and can be worth more than double the cost of a home that is not on the water. If you list your property with a property management company, you can turn your asset into a reliable source of income and save hours of your valuable time. A property management company can rent out your home, and you do not have to worry about advertising or preparing agreements.
2. Provide Memorable Vacations
Your beachfront property is a piece of paradise, allowing you to escape the stresses of everyday life. Renting out your beachfront property provides the opportunity for a great vacation to others who may not be able to afford resort prices in the area. It allows your guests to experience the serenity and enjoyment of living near the water.
3. Receive Tax Deductions
Renting out your beachfront property allows you to take certain deductions, saving you money on your taxes. If you rent your property for fewer than 15 days per year, you do not have to pay taxes on the rental income you receive. Renting it out for at least 15 days per year, however, allows you to deduct part of your rental expenses and depreciation.
The team at Alabama Vacation Home Rentals takes the work out of renting out your beach condo or home, helping you locate travelers interested in your property. Whether your vacation home is in the Gulf Shores, Dawson Island, Mobile, Fort Morgan, Fairhope, or Orange Beach, they will help you find renters who will enjoy and respect your property. Give them a call at (251) 333-6500 to speak to a vacation rental expert. You can also visit them online to learn more about their oceanfront vacation rentals.