Eastham Rental Home Permits - Going Up!

The permits required by all Eastham property owners for the rental of their homes for the 2012 season are going up. Surprise! The 2012 cost will be $75, vs $50 for 2011.  Ugh.

2011's Rental Season Looking Good!

Summer vacation rental bookings on the WeNeedaVacation.com website are off to a great start. They are up 26% from last year's start and 42.6% from 2009.  This is a good story, which bodes well for the Cape's economy, for home rental landlords, and (hopefully) for the Cape Cod real estate market.

There's probably a second reason for these improved numbers. The Internet is becoming a larger part of the rental marketplace, taking more & more bookings from local rental agents. Read the entire article on the CapeCodToday website...here. That Internet thing is going to be really big!

Tax Advantages of Owning a Second Home

There is always confusion as to how 'useful' the tax advantages are of owning a second and/or vacation home. I found the following article helpful. Go HERE to read more. The key word may be "active'. If you actively manage the property you can deduct up to $25K per year of losses on your second home against earned income. The IRS guide for Vacation homes is IRS Publication 527. Happy reading!