Neither landlords nor tenants enjoy handling the cost of utilities, which leads many people to try alternative options to heat or cool their residences. For example, a tenant may try to use space heaters to reduce their monthly heating bill. While using a space heater may be a great option to keep you warm in a confined space, using several will likely lead you to spend more money than you’re saving.

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Whether you are using your personal home or your rental unit, there are certain steps to take to start offering a furnished rental unit. These six tips will get you started.

Who is your client?

In the short term market, clients travel for business or pleasure. These two groups have very different needs. Business travelers tend to stay longer, but pay a lower rate. Vacation travelers stay for a… Read More »

Even as technology allows the world to become cheaper and easier to explore, traveling is still expensive. Increasingly, short term rentals through sites like VRBO, Airbnb and the like have become popular for vacationers and business travelers alike. You already pay for your housing costs, so why not offset your mortgage with some rental income during the times when you are not home? Turning your personal dwelling into a short term rental might be a… Read More »