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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