Welcome to the fourth installment of our blog series on preparing your vacation rental property for summer! The months of sunshine and pool time are full of trips and travel, which makes this a great time to make sure your vacation rental is ready for guests. As a way to maximize your investment property, you want to ensure that visitors love your rental, rate your rental highly (encouraging other…Read More
Welcome back to our blog series on preparing your vacation rental property for the summer! In our first post, we discussed how it can be important to do a run-through of your appliances and air conditioning to ensure general maintenance is performed as necessary. Our second blog of the series discussed the importance of decorating your vacation rental property to ensure it has a cohesive look to i…Read More
Welcome back to our blog series on preparing your vacation rental property for the busy season! As summer rolls around, the vacations and trips and travel plans start to pick up. This is a time when families, couples, friends, and solo travelers alike all love to explore and see someplace new. With so many people capitalizing on the warmer weather and extra vacation time, this is an equally excell…Read More
The warmer weather, the sunny days, and the rolling down of windows can only mean that summer is on its way. Summer is one of the most popular times of year for people to take vacations, and could mean a surplus of visitors for your vacation rental property. This is a great time to check in with your vacation rental property to ensure it’s ready for the season. At First Western Federal Savings B…Read More
With so many steps involved in the process of buying a property, it can be easy to lose track of everything. There are many qualifications that need to be met when applying for a non-recourse loan. You need to have a property in mind, but it also needs to meet the requirements. You need to have enough money, but there are other financial regulations that need considering. First Western Federal Sav…Read More
Oftentimes, people contribute to an IRA without much thought going into what they are doing. And, gradually, over time, it may slowly build and hopefully one day they can retire and have their money doing the work, while they rest. Many people fail to recognize that there are other financial opportunities available with their IRA. We’re going to go over some of the many reasons that using a se…Read More
Your vacation rental property could serve as an incredible asset. Not only can it provide you with an added source of income through renting it out to visitors and tourists, your vacation rental property stands as a real estate investment — one that could definitely appreciate in value over time. However, the non-recourse loan lenders at First Western Federal Savings Bank know that this type of …Read More
Welcome back to our blog series on choosing a higher value property! In our first blog, we talked about some of the myths behind buying a fixer upper. Fixer uppers have become a buzzword in recent years, in part due to their increased exposure and glamorized appeal from the many television shows that have graced our channels. However, there’s no mistaking that a fixer upper is an extraordinary a…Read More
You’re ready to buy a house to turn into a rental! This is an absolutely amazing, exciting, and thrilling time — and of course, a time that’s filled with decisions to be made. Do you want to turn this property into a regular rental? Or are you leaning more towards using your non-recourse loan to purchase this house with the intent of renting out to vacationers and tourists? Should you buy a …Read More
Welcome back to our blog series on vacation trends! As an FDIC-bank and the nation’s leading choice in non-recourse loans, we are dedicated to keeping a finger on the pulse of types of investing trends. In the world of real estate investing, this is an excellent time to act on turning a property into a vacation rental. Not only will you have a property that could turn a profit over an extended p…Read More