Tips on first vaction rental. How to market & organize bookeeping

[Deborah N.]

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?

[John McRae]

@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.