Monday, August 15, 2005

Summer Rental Subsidy

A couple of weeks ago I posted an article here about the surprising amount of summer rentals available at the Jersey Shore this past summer. I’m thinking that once the season ends, and the rental income goes away, a greater amount of shore landlords than normal will throw in the towel and maybe decide to put their house on the market this fall.

In other words, if you are a relatively new landlord (say you just bought a house in LBI last January) and you kept that house rented though-out this summer, then that rental income allowed you to delay selling the place until the upcoming fall or winter. In short, shore house sales should normally be slow in the summer, due to the fact a tenant is paying for the mortgage. On the other hand, maybe it doesn’t work that way.


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