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Reasons to consider renting your second home, even if you would rather not!
The post below is a guest blog written by a friend of mine who owns a property management company.  They specialize in high end properties and I have clients who use them as their property management company.  The clients are very happy with their services.  Of course, you will want to do as they did, and interview several companies first. 
I have one thing I want to add to his post, coming from the Realtor perspective: If you would like to do a  Tax Deferred 1031 Exchange  and roll the gain from your current second home into your new one without paying taxes on it, renting it for a while could be to your benefit.  It may allow you to defer the taxes on the gain from your current vacation home that you do not rent, into a new one that perhaps you hope to retire to.  It does mean changing the status of your property for 18 months or so,  and it would also mean renting the replacement home for a while too.  Talk to your tax advisor to see how it might work in your particular situation, but it may be worth it financially to rent your home, even if you would rather not.  A little pre-planning goes a long way!
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