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Property Management in Paradise

Property Management in Paradise

The many reasons that a property management professional is a must for your rental.

There are those among us for whom the American dream isn’t just about owning their home. It’s also about owning a vacation property with a spectacular view of the Atlantic Ocean, a large deck, a hot tub and a pool. It’s about having a vacation retreat that’s meticulously maintained and always awaiting their arrival. Such homes can stretch nearly everyone’s budget, especially budgets for those unable to pry themselves away from their jobs for only a few days out of the year. After a quick cost/benefit analysis, some may believe that the dream of owning a vacation home might forever remain solely a dream.

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Building EQUITY

The Good, the Bad, and the Ugly

Spending on home remodeling projects in the United States hit $215 billion in 2005. (According to the CIA World Factbook the GDP of the country of Argentina was $210 billion at the official exchange rate in 2006.) Home remodeling costs account for approximately 40% of all residential construction spending and makes up nearly 2% of the U.S. economy. That’s a serious amount of coin.

Numbers don’t lie; Americans love investing in their homes, and for good reason. Usually it’s a win-win situation. Not only are homeowners improving their residence, they are increasing the equity – the difference between the value and what is owed – on their home.

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