Some of Personal Realty Adviser’s Snowbird clients ask about renting their vacation homes when not in use to help generate extra income. If you’re contemplating renting out your vacation home when you’re not using it, you might be asking yourself if you need to hire a property manager. Remember that Vacation Home property managers are different from those hired to manage annual rentals. “A Continue Reading
Our Favorite Things To Do In St. Petersburg
This blog has a bit of a different focus than most of our articles. It shares information we often are asked to provide for many of our transplant clients – homebuyers who have relocated here (St. Petersburg / Tampa Bay area), usually from other states. When their first guests are soon to arrive, they often ask for tips about off-the-beaten-path activities they can share with their visiting family Continue Reading
The Benefits of a 1031 Tax-Free Exchange
Are you a real estate investor or someone looking to exchange a vacation home or rental property for a different type of investment? If so, a 1031 tax-deferred exchange might be suitable for you. When executed strategically and under the right circumstances, 1031 exchanges can help upscale and further optimize your investment portfolio. What is a 1031 Exchange? Under the standard tax code Continue Reading
The Pros and Cons of Buying a Vacation Home
Thinking about buying a Florida vacation home? You’re not alone. Florida’s 1,350 miles of coastal beauty and seemingly endless sunshine draw millions to our shores each year. Add to that, the Tampa Bay Area is ranked sixth by Travel & Leisure Magazine out of the seven best places to buy a vacation home in Florida, and the idea of a Tampa Bay or Gulf coast vacation home becomes even more Continue Reading
Keep or Sell Your Vacation Home?
Recently, we’ve had the opportunity to help a few clients sell their vacation homes – mostly condos along our beautiful Gulf coast beaches. It wasn’t that they no longer wished to vacation at their favorite beach community, but they were visiting less frequently, and the cost to benefit no longer balanced out. Like these sellers, many homeowners are observing how the market is changing and Continue Reading
