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Real Estate


Tom Kelly
Tom Kelly
The Real Estate Adviser
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July 15, 2004

The Real Estate Adviser: Part-time, full-time: rental rules vary

By TOM KELLY
Special to the Journal

As our family watched the television highlights of Meg Mallon winning the recent U.S. Women's Open golf championship in front of several gorgeous homes in South Hadley, Mass., my mind rolled back to California's Monterey Peninsula area some 30 years ago.

While attending college in the San Francisco Bay area, I often visited long-time family friends on the famous 17 Mile Drive between the gorgeous communities of Carmel and Pebble Beach. These folks often rented out their home during prestigious golf tournaments, and were stunned by the unsolicited rental amounts offered by corporations seeking cozy getaways for important clients.


 
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