Re: persfin-digest V5 #14


From: Kent Shaw <kshaw@erols.com>
Subject: Re: persfin-digest V5 #14
Date: Fri, 15 May 1998 21:19:17 -0400

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>Date: Thu, 14 May 1998 08:54:57 -0400
>From: "Martin S. Turnauer" <mturnaue@runet.edu>
>Subject: buying rental condo
>
>I would like to findout what kind of experiences people on the list have
>had owning a rental condo at a beach area.
>
>What kind of problems are encountered when you rent a property via an agency?
>
>Can this business be profitable?
>
>Thanks
>
I own a unit in Ocean City, MD.  Has worked out ok so far.  Some damage but
don't expect to make a lot of money.  Tax rules are rather restrictive on
losses unless you are engaged in Real Estate.  Luckily, my wife is!




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