Many people buy property abroad as a form of investment for their vacations or with the plan of making the properties their future retirement homes. Some of these individuals buy homes in popular travel destinations overseas. However, before the retirement or vacation, the homeowners can make additional revenues from their properties abroad.
Foreign homeowners can rent their properties to tourists who prefer to stay in an apartment or home rather than a guesthouse or hotel. Foreign homeowners can find people planning to stay for a week or two or those who will stay longer. Homeowner Renting Tips: How to Screen For Suitable Tenants
• Find out the income tax obligations in the country where the property is located...Read More