What is the VRBO like up on Winni & Winnisquam?

TiltonBB · 02-01-2018, 06:10 PM

I have a rental house in Gilford on Winnipesaukee. I have been renting it out since 2003 using this site and Craigslist for advertising. It is always full in the summer when it is rented weekly, and I have had good luck finding one renter for October 1, through Memorial Day every year. The winter monthly rate is less than half of the summer weekly rate. The vast majority of the renters have been decent and respectful and the problems have been minimal. At this point over half of the summer renters come back every year so there are not that many weeks to fill.

One thing (and I may be wrong about this) is with a rental property your real estate taxes become a business expense. It is my belief that, despite the new limitation on the real estate tax deduction, you may be able to deduct beyond that limit depending upon the percentage of time you use the house. I would certainly check with an accountant.

JanN · 02-02-2018, 10:33 AM

As someone who has rented for many years on the lake and have friends who do also, I think renters DO care and I wonder about a realtor who would say something like that.

We had rented at the same place for years, watched the owner neglect its upkeep to the point where we had to move on, found another great place where the owner does care and that makes all the difference to us!

Just sayin'...

02-02-2018, 10:33 AM	#2
JanN Member Join Date: Apr 2004 Posts: 42 Thanks: 174 Thanked 19 Times in 10 Posts	Renters Do Care As someone who has rented for many years on the lake and have friends who do also, I think renters DO care and I wonder about a realtor who would say something like that. We had rented at the same place for years, watched the owner neglect its upkeep to the point where we had to move on, found another great place where the owner does care and that makes all the difference to us! Just sayin'...

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02-01-2018, 06:10 PM	#1
TiltonBB Senior Member Join Date: Feb 2005 Location: Gilford, NH and Florida Posts: 3,160 Thanks: 749 Thanked 2,277 Times in 986 Posts	I have a rental house in Gilford on Winnipesaukee. I have been renting it out since 2003 using this site and Craigslist for advertising. It is always full in the summer when it is rented weekly, and I have had good luck finding one renter for October 1, through Memorial Day every year. The winter monthly rate is less than half of the summer weekly rate. The vast majority of the renters have been decent and respectful and the problems have been minimal. At this point over half of the summer renters come back every year so there are not that many weeks to fill. One thing (and I may be wrong about this) is with a rental property your real estate taxes become a business expense. It is my belief that, despite the new limitation on the real estate tax deduction, you may be able to deduct beyond that limit depending upon the percentage of time you use the house. I would certainly check with an accountant.