Investing In A Waterfront Property In Maine, Putting It To Work By Renting It Out.
The dream of owning and enjoying a waterfront property in Maine, how do you pull that off?
Putting the property on the lake, stream, ocean front, on a pond or river into the rental income pool. To carefully rent out what you buy and look forward to say retiring at some day. Second homes, vacation properties in Maine for sale are part of the mix that we help buyers put together.
Often the real estate desire to buy starts out as a simple math exercise like many things in life.
How to crunch the numbers. Is the timing right as the buyer juggles college loans for the kids and brace payments for the teeth? To make what you shell out, to start the mortage on the waterfront property kick into gear nicely. For an eventual mortgage burning party. Or to leverage and do it again as the Steely Dan song reminds. Buy another waterfront property to rent out and make carry it’s own weight with eagle eye guidance and attention.
But how to rent out the property on the water front in Maine? And to use a few Maine expressions, to not have it “stoved all to heck?” Ridden hard, put away wet and neglected.
To end up with something worth anything from the wear and tear. And the money and blood, sweat and tears poured into the place to keep it attractive enough to attract good tenants. The kind that return to their little place in Maine on the waterfront for a property destination that gets put into life re-runs of the happy campers.
What to provide the waterfront property in Maine renter who pays by the week or longer?
Real estate is emotional. The location on say a Maine lake provides the opportunity to kayak, fish from a boat, the end of a dock or through a hole drilled in the ice by a Jiffy ice auger. Or to access trails on the snow sled, the four wheeler ATV or hoofing it.
But drawing up a book with directions, maps, highlights of things to do for fun during your stay at the lake property in Maine. Wouldn’t that be helpful as the local guide to what there is to do for fun during their stay at the rental property? Suggestions on what is available for recreational opportunities are most appreciated by a total stranger to these parts.
Put those eye candy images of amazing Maine lake shore sunrises and sunsets into the plastic sleeves, blown up to 8×10 examples and hung onthe walls of the vacation rental property.
Just came back from a stay at a rental on Wells Beach Maine and it was loaded with suggestions about relaxing, reminding a beach fixes everything in life and lots of examples of why in written and pictorial examples.
Vacations, a time to unplug and recharge, to reflect are needed in life to examine where to adjust or pour on the coal to squeeze the most goodness out of the sweetness right? A vacation is like a pit stop at NASCAR with all those tight left handed high speed turns and they do energize like fresh tires and gas and a cleaner windshield with a few less bugs on it to peer out through.
Also, where to get the best pizza, how far to gas for the boat motor, what are the times for the local movie theatre for a rainy day trip to town?
Where is the laundry mat if washer and dryer are not in place at the waterfront property in Maine?
Where do I buy sporting goods, fishing tacle to use at the waterfront property in Maine?
Where can I rent something from movies to waterfront toys?
What is the location of the local grocery stores, what is involved in crossing the border into Canada to explore the two nation vacation options?
Here is a video link to show how easy it is to head across the International line.
Crossing the Maine, Canadian border and a few of the reasons why you should!
Any information provided to save time, money, hassle means the vacation has a better chance of success.
And to happen again so in time, every week is booked year after year by the same folks. That know the routine, have been schooled on the local area by someone who lives there and has more knowledge about it than the new to this location of Maine does.
Sometimes an owner financing option comes with the waterfront property in Maine. I bought a lake home in Maine with half down, and a financing plan through the owner more attractive than a bank could provide. And with no pre payment penalty, got the property paid off quickly.
If you have no time to manage a rental waterfront property in Maine, real estate professionals can handle the management. To oversee making sure a quality tenant is located and to handle anything that comes up during the renter’s stay. To market the property to keep the rental income coming in week after week, year after year.
Sometimes the rental property in Maine can be traded for somewhere else in the state too.
Trade out, you stay at my property, I swap places and spend some time at your place in Maine.
The Europeans take their vacations, their holidays very serious and are masters as scrimping, saving and squirreling away some money.
To coast and stretch those leisure dollars into plenty of rest and relaxation. Their countries push the importance of time off from chasing the dollar and working nose to the grindstone day in and out. It affects the health and creates a bigger burden on our health care costs if no stop and smell the roses time is factored into life here on Earth.
Here is more on the concept of trade your vacation property for the simple exchange of what you already own to stay at a new location and feel like a local! And how to structure your vacation home purchase to make your bean counter, whoever figures your income taxes each year around April 15th happy happy. More on the tax benefits of buying a second home.
It all starts with would you like to own a waterfront property listing in Maine? And a helping hand from someone in the real estate business, that knows the local turf that can help you pull it off. Here for your waterfront property for sale in Maine listing in all the price ranges, locations and types.
207.532.6573 | [email protected] | MOOERS REALTY 69 North Street Houlton Maine 04730