Expenses would be split based on share of the home. The idea here is that an arrangement would be formed to outline what party uses the home during which periods of time. I would say this option is a risky one and one I would highly encourage you to speak to an attorney about. If you have a group of friends that love to kiki in Rehoboth then it might just be an option to get four together and buy a house. I have mentioned this ownership option before. In this case, you wouldn’t charge the same premium you do during the summer. You can easily rent for long weekends in the “off season” and in most cases you can also rent to one person for the entire off season period as off-season rentals are hard to come by in most markets. If you are looking at a rental pro-forma and wonder if it makes sense to winterize your beach house or to rent it out, I would say rent it. In my humble opinion – they are better! But I digress. If you know anything about the coastal regions in the Northeast – things in the winter are not like they are in the summer.

It is important to make sure that your community allows for short-term rentals or this option might not be possible for you. Short-term rentals are great for the sporadic renter – if you want to use your home most of the time but you want to rent it out every other weekend and during the week all of August – you don’t have the need for the “my family rents this home the same week every week and has done so for three years now…” kind of dedicated renters. Most of the time, you can make as much or even more than a weekly rental scenario. This way you can make a little extra money. If you plan to use your beach house for most of the season but know you have a wedding weekend here and a week long vacation planned in the Bahamas – then put that on a short term rental site for those dates. Short-term rentals are a great way to make some extra money. While the idea here is to make the most you can in summer rentals – you as the owner, of course, can always block off weeks when you want to use the home for your personal use. In the Rehoboth and Delaware coast region – most homes rent for a week at a time in the summer season. The typical idea of a beach vacation is for a week right? While we wish it were longer (and it can be!) the usual summer beach vacation is a week long. Let’s take a look at a few of the options we have for rental styles. However, when looking at an investment property, it’s a little easier to stomach a higher interest rate when it is offset by rental income. is still very hot due to the lack of inventory and the higher interest rates. As we near the summer season and you hear the beach calling and taste the orange crushes – let’s take a look at a few ways to make those dreams a reality.

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