PennyMac
JUNE 2, 2022
Otherwise, you may need to hire a property manager. For example, typical annual costs include things like: Insurance. Property taxes. If you like to be hands-on with the management, you’ll need the property to be close by. Otherwise, make sure to budget for a property management company.
PennyMac
JUNE 28, 2022
Insurance. A second home usually means higher insurance costs for homeowners. The location and type of home you have will influence how much insurance costs, especially if you are getting a vacation home with many appealing amenities. If you’re renting, there’s also landlord insurance. Close on your second home.
PennyMac
SEPTEMBER 6, 2022
Many people are drawn to condos because while the owner is responsible for maintaining the individual condo, there’s usually a property manager responsible for the rest. In other words, there cannot be any claims or restrictions against the property and the holder of the title must have absolute ownership. Conventional Loans.
Expert insights. Personalized for you.
69 
Let's personalize your content