Tips on first vaction rental. How to market & organize bookeeping
Closing on my first vacation rental property in a few months. The property is 2.5hrs from my home. Looking for advice on marketing for all seasons. This is a condo near Lake Winnipesaukee New Hampshire. Any suggestions on the bookkeeping aspect of keeping everything organized?
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@Deborah N. Good luck with the new place near Winni. My family spends a lot of time there during the summers! I have a vacation property in the White Mtns, North Conway area and have had success using both Homeaway.com and Airbnb. It is not difficult to manage a vacation rental, but you must find yourself a reliable cleaning person or company to do your turnovers. For bookkeeping, I use Quicken, but I know there are many other ways to easily track income and expenses.
Best of luck.