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Boosting Off-Season Vacation Rental Income With Tax Deductions by Mike Harrington

As we enjoy this fall season, it is important for vacation rental owners to continue to increase investment income. Maximizing tax benefits and understanding deductions can significantly boost off-season rental income. Let’s look at ways to make your vacation property work harder for you year-round.   Tax Benefits (and Pitfalls) of Vacation Rental Properties – Let’s Maximize the Good! While owning a vacation rental property can bring in more revenue streams, it can also have tax benefits (and some pitfalls), too. Carolina Retreats is committed to helping you maximize the good when it comes to revenue income and tax benefits.   The tax treatment of rental property expenses depends on whether the taxpayer also used the property as a home in the year. According to the IRS, a vacation rental property is considered a home of the taxpayer, if they also used the property as a home during the year for personal purposes more than 14 days OR 10% of the total number of

Boosting Off-Season Vacation Rental Income With Technology Upgrades: Gaming, Wi-Fi, Charging Outlets, TV, Streaming, Etc by Mike Harrington

As we dive into this year’s fall season, we continue to focus on creating a healthy work-life balance. Many continue to work from home and search for a getaway where they can experience a new place while comfortably working from home. Upgrades to technology and improvement to in-home office spaces will help to boost off-season rental income. Let’s take a look at ways your home away from home can work harder for you year-round.   Upgrade Technology for Work, School, Play, and Overall Livability Many of us are using vacation rentals for work and school now, so consider adding an office area with windows for ample breaks or nooks for laptops, and other electronic devices. Include the right lighting, an ergonomic office chair, a charging station, and extra cables and adapters, for both PC and Mac, as well as HDMI connections and ports for gaming and streaming systems. Your guests who inevitably forget their chargers will love you for thinking of them! Upgrade your WIFI so

Mike Harrington, Carolina Retreats - WilmingtonBiz Insights Author

Mike Harrington, Carolina Retreats - WilmingtonBiz Insights Author
wilmingtonbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wilmingtonbiz.com Daily Mail and Mail on Sunday newspapers.

Making Your Vacation Home Storm-Ready: Tips For Protecting Your Investment by Mike Harrington

Making Your Vacation Home Storm-Ready: Tips For Protecting Your Investment by Mike Harrington
wilmingtonbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wilmingtonbiz.com Daily Mail and Mail on Sunday newspapers.

Thinking Of Buying A Vacation Rental? Start With The Big 4 by Mike Harrington

Sponsored Content provided by Mike Harrington - CEO & Owner, Carolina Retreats It is no secret that the real estate market is hotter than it has been in over a decade. A lot of factors seem to be playing into this. Record low interest, a squeeze on inventory, more and more people working from home moving to the area, and of course FOMO. As many are looking for their next primary residence or moving to the Cape Fear region, a large percentage are capitalizing on these trends and snapping up traditional vacation homes in our beach towns at a furious pace. 

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