Posted by admin | Posted in vacation rentals | Posted on 11-08-2011
Tags: realestate, rental, rentals, travel, vacation, vacationhomes.com, vacations homes, vacations homes by owner, vacations homes for rent, vacations homes for rent in florida, vacations homes for sale, vacations homes in destin florida, vacations homes in italy, vacations homes in orlando, vacations homes in orlando florida

How do people share vacation homes and expenses with others?
Three sisters have inherited a summer vacation home. We are trying to figure out a fair way to divide the time, responsibilities and expense. One sister lives nearby it and ends up doing more maintenance and opening and closing in the spring and fall.
Figure out how much time and money each is spent by each person then give appropriate ownership in that property e.g. 30/30/40.
Alternatively, you can keep equal ownership but track all time and money spent during the year and ‘true-up’ at year end i.e. exchange money between parties to ensure that all 3 have paid equal expenses. For time spent, you can set a an hourly ‘wage’ associated with hours worked on the house.
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