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Real Estate: Tom Kelly
The Real Estate Adviser |
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July 2, 2009
The Real Estate Adviser: Tips on renting out your family's cabin
By Tom Kelly
Special to the Journal
Special to the Journal
Howard Craft is one of four adult children who inherited a lakeside cabin from his parents. Every year, the kids gather for a dinner meeting to decide the dates that each family will use the popular getaway, assign clean-up chores and discuss possible improvements to the aging structure.
For the first time since the parents stopped their summer residency at the lake place, none of the four children could schedule vacation time to take advantage of the family cabin. Two of the siblings had moved out of the area to take different jobs and could not justify the costs to return to the North Cascades for vacation.
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Previous columns:
- The Real Estate Adviser: Is it time for your parents to move?, 06-25-2009
- The Real Estate Adviser: Puget Sound tops list of 'best places to have fun', 06-18-2009
- The Real Estate Adviser: First-time buyers: Know your options, 06-11-2009
- The Real Estate Adviser: $8,000 tax credit can go for down payment, 06-04-2009
- The Real Estate Adviser: Insurance skyrockets when house is vacant, 05-28-2009
- The Real Estate Adviser: VA's streamline refinance offers an attractive option, 05-21-2009
- The Real Estate Adviser: Reserves need better explanation at closing, 05-14-2009
- The Real Estate Adviser: Reverse mortgages: New safeguards and lenders, 05-07-2009