Tips & Traps When Buying A Condo, Co-op, or Townhouse Gearing up for what could be a tough year-end season, the vacation home travel industry didn’t wait for summer to end when it released tips to help property owners tune up marketing efforts to keep properties full this fall and winter. Total domestic travel expenditures by U.S. tourists is expected to rise at a rate of only 4.1 percent this year, compared to nearly twice that much, 7.5 percent last year, according to the Travel Industry Association of America.. TIA reported expenditures for domestic tourism by U.S. travelers dropped by 1.1 percent in 2002, the year after the day of infamy when terrorists turned commercial jetliners into missiles used in three U.S. cities.

While the vacation rental sector says it’s weathering the slowed growth better than the overall industry, vacation home rentals are not immune to economic conditions. The industry also faces increased competition as record numbers of Americans purchased second homes in recent years. Many purchased them as investment properties, including vacation rental. “For many second home owners, vacation rental income is crucial for paying the mortgage. But with interest rates and other costs rising, it is difficult to boost rental prices since there are so many properties now on the market. It’s brutal out there,” said Yardley, PA-based Alfred Glossbrenner, who along with his wife, Emily, self-published “How To Make Your Vacation Property Work For You”, a guide book and CD-ROM for vacation home landlords.

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