Tagged : rental

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If you are thinking about renting out either your primary residence or an investment property, we've put together a “Top Ten” list of important things to consider before putting your home up for rent. Keep in mind that state and local laws can change from place to place, so whether your property is in Sarasota, Florida or Seattle, Washington, you should do your homework. Also, if you plan to rent out a condo, check with your condo association regarding rules and policies regarding rentals; in some cases it may not be allowed.

1. Get proper insurance.
If you decide to rent a home that was either a primary residence or a vacation home, the insurance policy you currently have will no longer apply. Make sure you talk with your insurance agent and get the

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Florida is known the world over as a vacation destination, and Sarasota, with its beautiful beaches, culture, and tropical lifestyle is a prime hotspot in the state. Sarasota is also a great place to own vacation property. If you're considering buying a second home to use either as a vacation getaway or an investment property, you probably have a lot of questions regarding loans and taxes and how these change with the purpose of the home. To help you, here is a quick primer explaining the difference between the two, so you can make an educated decision before you buy.

 

Make sure it's legal

If there is even a chance you'll want to rent out the property you are about to purchase, make sure there are no policies, codes, or restrictions in place to

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