If you find yourself doing the same routine day after day, never remembering what you did the day before, having nothing to look forward to, living your life – but never enjoying it or anything in it…you are probably living your life and the relationships in it on autopilot.
You love having a second home but the mortgage is putting a crater in your wallet. Many second home owners turn to renting their property as a vacation rental to help defray the costs of ownership. How do you price a vacation home rental without overcharging but making enough to cover your costs? Do your research.
Find out what other owners of, similar sized homes in the area are charging. You can ask a local real estate agent for a price range, scan local papers or go online. There are also vacation rental sites like eVaca.com. These types of sites have advertisements from owners around the world and weekly rates for the properties are listed.
Most important, do not forget to spend time in your own vacation home. Owning the property and not being able to enjoy it defeats the purpose of having that second home!