Category Archive: Vacation Rental Owner Financial Matters

Pricing, taxes, security deposits, etc.

May 13 2015

Handling Payments from our Northern Neighbors

Homeowners report to us that they get more interest from Canadian vacationers than from any other foreign country.  In a previous blog post, we detailed the preferred methods of payment for international guests, including PayPal and bank transfers.  But here’s some advice specifically geared to Canadian tenants.

If you decide to have your …

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Apr 16 2015

Does your town require a vacation home registration fee?

As you probably know, some towns on the Cape and Islands have been interested in expanding the state lodging tax to private rental homes.  That has not yet been approved by the state legislature, but did you know that many towns on the Cape require vacation rental owners to register their homes and pay …

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Nov 18 2014

Shedding Some Light on Energy Costs

Energy Prices

By now, you have probably heard that NStar has filed for a rate increase of around 29% for 2015.  If approved by the Massachusetts Department of Public Utilities, the average residential customer’s bill will increase by about $28 a month as of January 1.

The utility blames the rate hike on the cost of …

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Sep 10 2014

My House is Clean – Guaranteed!

guarantee

I decided this summer that I would offer my tenants a cleanliness guarantee: if they have any concerns at all about my home’s cleanliness, I will bring my housekeeper back, usually within 24 hours.

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Aug 21 2014

When Things Go Wrong

As a fellow rental homeowner, I know what it feels like to answer the phone and hear a current tenant’s voice on the phone. “The dishwasher is leaking,” is what I heard a few weeks ago from my tenant. Naturally, it was a weekend, and I couldn’t get a repairman there until the following Tuesday. …

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