No matter how weak or strong the housing market is, renting out your home and becoming a landlord can be a smart financial decision. Even if rent payments don’t match your mortgage payments, the tax benefits and long-term wealth creation of owning rental property can be profitable.
If you are short-term renting (aka vacation renting) your home this can be extremely profitable and you (or your friend/s family) have a place to visit while you are on the island.
At Coldwell Banker we have a rental management division that can help you property manage your rentals. Call me and I can help get you in contact with the right person 808-357-2324.