Cashing in on vacationers
More owners renting out primary home to meet demand
By Tom Kelly, Wednesday, September 23, 2009.
It was only for eight days, yet it was a first.
The retired couple at a remote mountain lake had just rented out their waterfront cabin -- once the family getaway and now serving as their primary residence -- for the first time in the 42 years they have owned the property. Instead of leaving the place vacant when they went to their niece's July wedding in upstate New York, they pocketed $1,600 tax-free dollars.
According to the most recent HomeAway Vacation Rental Marketplace Report, the couple is not alone.
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