Many second home owners and investors look to their Net Operating Income for whether or not their property is paying off.  One way to increase revenue and decrese expenses is to utilize all of the tax deductions afforded you as the owner of a second home.  I came across a fabulous article by George Lambert which delves into some of these deductions that can be easily obtainined by speaking with an Accountant.

Click on the link below to find out more information and read the article.

http://www.investopedia.com/articles/pf/06/rentalowner.asp

I have recently decided to start a local issues segment of the blog.  Im still looking for ideas for another 4 part mini series, any suggestions are greatly appreciated!

Summit County, UT—In recent years, the spread of noxious weeds in Summit County has become a matter
of growing concern for citizens as well as County leaders and staff. While citizen education has helped to
raise awareness of the problem, proliferation of noxious weeds in the region continues to be widespread.
In response to these concerns, and as the spring and summer growing seasons commence, Summit County’s
Weed Division has adopted new enforcement procedures for Summit County residents. The enforcement
program will be handled through the reassignment of an existing Weed Division staffer to also include weed
law enforcement duties. The weed enforcement officer will alert property owners of the presence of noxious
weeds on their property, following notification provisions of state law and county policy. This will be a two
step process. The first notice advises the property owner to control the weeds present on the property. If the
property owner is unresponsive to this notice, they will then be given a Notice of Public Nuisance. The
second notice will provide a specific timeframe for taking action on treating the weeds specific to the
property.

For more of this article please see the attached file.

Weed_Control.pdf (101.09 kb)

Follow the link and print out the form to perform your very own at home energy audit.  This will have you thinking of ways to save money like unplugging appliances when not in use or turning off your lights for an hour a day.  Green energy starts in the home and by using less energy we generate less demand on our current infrastructure resulting in reduced energy costs for everyone!

Mail In Energy Audit.pdf (704.77 kb)

Yesterday, besides being a phenomenal day in terms of the weather was amazing.  Paul and I got on the rooftop of a home I had recently been looking at purchasing in the Promontory neighborhood of Park City.  While no nightly rentals are allowed in the area it is still an amazing 7,000 Acre project with 3 golf courses.  Call Tom Lafon to schedule an appointment to go out and view the property at 435-333-4068.

This particular home was a great deal for this area.  Unfortunately, due to lack of general maintenance Ice Dams were built up along the roof lines.  This is not only costly but can result in serious roof repair.  Most typically the gutters are ripped from the roofline by large ice blocks falling off the roof.  Leaks are caused by ice expansion and contraction in various valley's in shaded areas of the roof and the gables of the rooftops.  To eliminate the ice you have two options, option one was no fun and involves simply waiting for the sun to do its job and warm up the roof.  This can create a slow leak that may cause a much larger future problem and is harder to identify.  The second option, which we chose, involved 2 twenty gallon propane tanks and one blowtorch on the roof.  In 4 hours of constant flame only certain potions of the roof were cleared.  Jobs such as this can take anywhere from 1-3 days depending on the depth and extent of the ice buildup.  Take a look at the photos to see what I mean!

It's a big claim: Catch a morning flight from almost anywhere and you can be on our slopes the same afternoon. The Park City Quick START (Ski Today and Ride Today) Vacation lets you convert your airline boarding pass into a same-day lift ticket to the Park City resort of your choice. It’s your chance to get a free same-day lift ticket at Deer Valley Resort, The Canyons Resort, or Park City Mountain Resort.

You will need to bring the completed, required redemption voucher, along with your same-day boarding pass and out of state photo I.D., to the resort ticket window, to receive your same-day lift ticket. You’ll discover the best skiing and riding you’ve ever experienced, not to mention the most conveniently located resort town in the West. Park City is located just 35 short minutes from Salt Lake City International Airport.

Quick START offer valid starting on the respective resort opening day to 12/24/09, 1/3/10 – 2/12/10, and 3/28/10 to the respective resort closing day 2010.

OFFER NOT VALID - 12/25/09-1/2/10, 2/13/10 - 3/27/10

Park City is rapidly springing back from this most recent recession.  Home sales are on the rise again and with that Property Managers are getting busy.  New owners typically mean new management for their property.  Vacation Quest has been rapidly expanding by adding not one, not two, but three new properties.  They will be up on the site soon, so check back often.  They include a 3 bedroom home on Lowell Ave in Old Town, Park City only steps from Park City Mountain Resort and 2 ski in/ski out units at The Lodge @ Mountain Village, one of the lodges at Park City Mountain Resort.  These great new properties would be perfect for a getaway vacation to experience all that Park City Rentals have to offer you.

Are you curious what your Park City property is worth? Vacation Quest is pleased to announce the availability of The 2009 Condo and Single Family Comparables Report. This report contains a listing of all sold single family and condo properties in the Park City area. It is a free download here: http://www.vacation-quest.com/comps