Loans from Bank of Mom and Dad

by Jennie Phipps on September 3, 2010


Lending money to your children can be a valuable part of retirement planning because it can help a family and avoid gift and estate taxes, according to Jonathan Bergman, vice president of Palisades Hudson Financial Group, a financial planning and investment firm in Scarsdale, N.Y.
Let’s say your son and daughter-in-law are contemplating buying a home.

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It is often assumed that renting a vacation home or condo is only for the wealthy  .  This is simply not the case!    The price  of short term rentals is often the same  or even less  than a hotel room.  Whether you have a large family, or are a couple looking for a honeymoon destination , it’s worth looking into a Navarre Beach Rental condo or home.

The ability to cook  your own meals , as opposed to going out to eat for every meal, is another way you’ll save  .  Also remember  that everyone has their own bedroom and bathroom which makes the whole vacation  much less nerve-racking.  Many Navarre Beach Rentals also have their own swimming pool.  The inside  of the properties  are usually furnished very nicely and include bed linens , towels, and well-equipped kitchens.  The majority of private rentals do not allow pets, and smoking is almost always prohibited.  Make  sure to find out about  this while looking  for the perfect  property if these are important to you  .

Navarre Beach Vacation Rentals can be found in magazines, newspapers, and through rental companies  .  The most efficient way to find a property that fits  your needs is online .  This lets you view detailed photos  , obtain  authoritative information, and even read reviews.  Once you find a property that you like, you can do further digging  by calling  the rental agency that represents the property.  You also may wish  to call the local tourism bureau for references on the rental company or property owner.

Be sure to get your rental agreement in written material.  This safeguards  you as well as the owner or property director.  Ask plenty  of questions.  Find out what is provided and what you need to bring.  Inquire about deposits and payment requirements, as well as cancellation policies.  Find out how many parking spaces you are allowed , if a washer/dryer  is provided, a coffee maker, etc.  Find out about your responsibilities for cleaning before you depart to avoid any fees.  Find out how close your property is to the water.  What are the views like from the property?  Is the Gulf or inner coastal waterway within hiking  distance?  Once you have all the info  regarding  your Navarre Beach Vacation Rental, you can look forward to your trip and spend the time relaxing and enjoying yourself!

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Consejos practicos para Mejorar tu Vida de Pareja

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