All Forum Posts by: Beth L.

@Wadood Jumriani

 While I can't speak for the whole of MD, here in western MD there is a huge supply and things are selling. Agents are busy, people are still renting. Things have turned up.

I am interested!

@Fred Dunn

 Thanks for responding. We are staying in the Atlantic Beach area, which I understand is where the Black Bike Fest is concentrated due to the black history of the area.

Hi All,

Anyone local to Myrtle Beach and can confirm the atmosphere of the Myrtle Beach area this weekend? We planned a last minute trip with the family, and then found out that this weekend is Black Bike Fest, attracting tens of thousands of bikers to the area to party and who know what else.

We are concerned about detours, delayed traffic, busy beaches and restaurants, and of course safety.

Thanks for your help!

@Peggy Kelso congrats on the new venture!

 First off, I am not an accountant or attorney...

I too have a vacation home in the Orlando area. It is highly unlikely that you will ever bring in that much income in one year. The main rental season is the summer and holidays, and if you brought in $1000 per week, you might see about $12-14K for the year. I also list on VacationRentals.com and its sister sites, and I have never received a 1099 from them. I know there are new rules for payment processing that requires them to do some sort of reporting.

I would think just document everything and if something should come up you can show that your sister reported the income and you are just managing it. I think you can set up what type of listing you are doing...owner or manager.

Maybe keep what you can in your sisters name, but you handle it. I have a manager that takes care of all business licenses and taxes for me. It is part of an agreement that I signed with him that he is allowed to do this on my behalf. Perhaps having some sort of agreement like that would be worth it.

@Patrick Jacques

 No responses yet? I can't be the only one...

I have one vacation rental (4Bed/3Bath in Clermont), 10 miles from the Disney Main Gate. We looked for a while for this one. We wanted a nice neighborhood without the added cost of security gates and high HOA fees, but yet still close enough to Disney.

We advertise on VacationRentals.com. Unfortunately, the market is very flooded. We always have the majority of the summer booked and holidays. May and October are hardly ever booked.

I assumed you were asking about vacation rentals, due to the question about Disney.

@Maura Paler

 I think that your ads are great! Lots of great pictures, including different seasons, and very detailed descriptions. Looks like you have your guests in mind with lots of amenities. I think that anyone looking for a mountain/lake getaway would love any of your places.

It looks like your calendars are filling up. Are you worried about something in particular with your ads?

@Maura Paler, I can help! I am a VR owner, and also rented many VRs before purchasing one of our own.

I have never vacationed in the mountains by a lake, but I can imagine what I would look for. ;-)

@Jennifer Tan

My 4 Bed/3 Bath pool home near Kissimmee has a monthly running cost of approximately $1,400, not including mortgage payment, cleaning fees (since we have our guests pay, but some homeowners decide to cover this), and any additional maintenance, landscaping, decorating or improvements.

@Karen Margrave I have one VR in Florida, since we frequently go there in the winter and can use it personally as well. I have owned it about three years and fortunately found an awesome PM (after emailing 4-5 companies, he was the ONLY one to email me back). That is important since we are long distance.

I do all the bookings through VacationRentals.com and then he takes care of everything else.

We would like to do another one, but the prices have gone up since then and there is no way that it would cash flow. There are a lot of expenses involved in a VR! We'll have to wait and see.

I'd love to see a Vacation Rentals Forum!