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Reply to "Managing a vacation house with relatives"
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[quote=Anonymous]Have a firm speech ready and stick to it. “We have heard several lesson learned stories about owning a vacation home and having awkward situations with family and friends. So, we are going to be upfront about our investment. It’s not intended to be an extended family resource. We will be renting it to offset the considerable cost and plan to use it ourselves when it’s not rented. We hope to be able to host friends and families periodically and we’ll let folks know when we do that. Install a Ring doorbell and a code door lock so that you never have to give anyone a key. People like you describe would likely make a spare key for themselves if you ever have them a key for a weekend. The Ring will capture video of anyone who shows up unannounced so if you have family who might think it’s ok to sneak a visit (when they know you’re away in a vacation, for instance) they’ll be busted. And when pressed tell folks that the cost of your investment (mortgage, taxes, utilities) demands that you charge rent, even to family unless you guys offer a clear invite as guests. [/quote]
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