Looking for a deep dive into Hamptons real estate? BehindtheHedges.com is the premier real estate and lifestyle destination on Long Island’s fabled East End, featuring in-depth insights and exclusive content tailored to the Hamptons. Here’s a sampling of what you’ll find on Behind the Hedges.
10 QUESTIONS TO ASK YOURSELF BEFORE RENTING TO A FRIEND
Many homeowners on the East End rent out their property for various parts of the summer season in order to recoup their carrying costs on the property and to have an additional source of income. Some even rationalize their initial purchase of their vacation home by calling it an investment property, where they plan to designate a set period of time that the property will be used for investment purposes and another limited time where its designated for pleasure. So when a friend asks to rent this vacation property, knowing of its availability, it may sound like a godsend: you can have an easy experience, avoid using a real estate broker, and save on brokerage fees while also helping out a friend who will love your property as you do. However, before letting your friend lease your property, you need to ask yourself: do I want to lose my friendship with this prospective tenant if the rental doesn’t work out? Read more at BehindtheHedges.com