Should I rent my property out? What are the advantages and disadvantages of listing my Ocean City property for rental?
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Should I rent my property out? What are the advantages and disadvantages of listing my Ocean City property for rental? |
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Q: Can I use my condo/ house as a rental property and what can I “write off against my taxes” |
Q: Can I rent my condo/ house during the season? |
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A: Over 99% of Ocean City residents property can be rented, however there are a few buildings that limit rentals. Call me for the list. |
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A: Yes you can use your “second home” as a rental property. Check with your CPA for more info. |
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| Q: Is Ocean City a “year round town?” | Q: Are pets allowed in my condo/house. | |||||||||||||||||||||||
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A: Yes, Ocean City is open year round, however the crowds are gone from October- May. The “off season” or “second season” is the most relaxing time of year for area year round residents. |
A: In almost all cases, owners are permitted to have pets but tenants may not always be allowed to have pets. |
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| Q: How many weeks can I expect to rent my property? | ||||||||||||||||||||||||
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A: Usually 8 to 10 weeks during the middle of the summer. Many properties rent for more weeks. |
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| Q: Can I rent my condo/ house during the season? | ||||||||||||||||||||||||
| A: Over 99%
of Ocean City residents property can be rented, however there are a few
buildings that limit rentals. Call me for the list. |
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| Q: Are pets allowed in my condo/house. | ||||||||||||||||||||||||
| A: In almost all cases, owners are permitted to have pets but tenants may not always be allowed to have pets. | ||||||||||||||||||||||||
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