Ann Delaney Beach Blog

Month: March 2019

  • Selling, and then buying a shore house

    UnderContractSignGood news: if you have owned your shore house for a number of years, the increased property value is a wonderful “gain”.

    However, that profit is taxed (capital gains) when you sell, unless you participate in a 1031 Tax Deferred Exchange.

    The rules allow owners of investment properties (vacation rental homes qualify) to move up to another investment property (rental) and defer the tax.  This is a huge bonus for most long time property owners.

    I have both personal and years of business experience with the process. And I can connect you with the professionals to handle the paperwork and help with financing.

    Please contact me to formulate a plan!

    609-967-7950  or ann.delaney@timkerrsir.com

     

  • Spring Sunrises

    Spring Forward = the sun is finally up by the time I’m heading home from my morning beach walk!

    PavilSunriseSunriseMarch

  • Preparing for Summer Rentals

    DeckThis is the ideal time to “spring clean” and prepare your shore house for the summer season.

    Walk through and around your property with a tenant’s perspective.

    As an owner, it’s easy to ignore the imperfections that should be addressed before your guests arrive.

    Tips:

    1) Clean out all cabinets and drawers in the bathrooms and kitchen.  No more than one junk drawer permitted!  Organize and take note of supplies needed…and toss the accumulated old menus, miss matched Tupperware containers, melted plastic utensils, old wooden spoons, rusty cookie sheets, etc.

    2) Tenants appreciate a chair or bench in a bedroom to use while getting dressed or putting on shoes.

    3) Although the younger generation will retreat to their rooms and use their devices, the more mature tenants still appreciate a television with cable hook up in a bedroom to watch a ballgame or news program.

    4) Inspect the condition of the deck furniture, cushions, and grill.

    5) Clean, clean, clean.  My favorite products are a Magic Eraser to remove scuffs marks on walls and trim; SprayNine to remove the green stains on exterior vinyl siding, trim, and railings (and the outdoor shower), and car wax or RainX to remove the water marks on glass shower doors.

    Happy Spring!

  • Sunday Sun

    It’s starting to smell like spring 🙂

    This time of year, the breeze changes…bringing in that distinct salty air.

    Sunday