{"id":449,"date":"2014-09-26T09:00:26","date_gmt":"2014-09-26T09:00:26","guid":{"rendered":"https:\/\/lakehomes.com\/info\/articles\/?p=449"},"modified":"2026-01-19T14:50:54","modified_gmt":"2026-01-19T20:50:54","slug":"pros-cons-renting-out-lake-home","status":"publish","type":"post","link":"https:\/\/www.lakehomes.com\/info\/lifestyles\/pros-cons-renting-out-lake-home","title":{"rendered":"Pros and Cons of Renting Out Your Lake Home"},"content":{"rendered":"\n<p>Buying a lake home can be an incredible investment. There\u2019s nothing like having a second home that you can use for vacation \u2013 especially one that\u2019s on the lake. What better place to take the family on summer vacation than a home right on the lake? You\u2019ll be feet away from being able to go for a swim. You could even invest in a boat that you can take out onto the water whenever you want. However, if you are buying a lake home for use as a vacation home, you may want to consider renting it out during the offseason or the months that you won&#8217;t be using it.&nbsp; <\/p>\n\n\n\n<p>Before you jump at the idea, however, you might want to consider all the pros and cons associated with renting out your lake home. The following are some of the more important pros and cons to consider:<\/p>\n\n\n\n<!--more-->\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-pros-of-renting-out-your-lake-home\"><strong>Pros of Renting Out Your Lake Home<\/strong><\/h2>\n\n\n\n<p>Renting out your lake home can provide numerous benefits but primarily economic benefits:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>You\u2019ll earn extra income<\/strong> \u2013 Renting out your lake home is a fantastic way to earn <a aria-label=\"additional income (opens in a new tab)\" href=\"https:\/\/lakehomes.com\/info\/articles-and-news\/renting-lake-home-airbnb\" target=\"_blank\" rel=\"noreferrer noopener\">additional income<\/a>. That is if you own the property outright. If you are still making mortgage payments, then the rent you will receive will help offset those payments, upkeep, and maintenance, and maybe even leave some left to invest in some &#8220;upgrades&#8221;.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>You won\u2019t have any guilt about owning the lake house<\/strong> \u2013 Some people feel guilty about buying a second property that they are only going to be using a couple of months out of the year. For some owners, this feels wasteful. By renting it out, not only is the house actually being used \u2013 but it&#8217;s providing additional income. This could help to offset any of that lingering doubt or guilt some owners experience.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>You can help the local economy<\/strong> \u2013 When no one is living in the house for the majority of the year, local stores and businesses will be taking in less revenue and earning less income. But, if you keep the lake home rented out when you\u2019re not using it, the local economy will benefit from whoever is living there.\u00a0 Supporting your local communities whenever and wherever possible is certainly an important point to emphasize.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>You can invest in more expensive features<\/strong> \u2013 Renting out the home will make it easier for you to justify spending more money on updated features. For example, adding a hot tub or upgrading all of the kitchen appliances won\u2019t seem like that huge of an investment. Especially since those kind of improvements can help attract more renters and justify higher rent prices.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-cons-of-renting-out-your-lake-home\"><strong>Cons of Renting Out Your Lake Home<\/strong><\/h2>\n\n\n\n<p>The pros of renting out your lake house might make the cons seem rather petty, but there are certainly <a href=\"https:\/\/lakehomes.com\/info\/articles-and-news\/4-questions-to-ask-yourself-before-you-rent-your-lake-home\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"some cons to consider (opens in a new tab)\">some cons to consider<\/a>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>You can\u2019t take a vacation on a whim<\/strong> \u2013 While you can rent out your lake home according to your schedule, it does mean that you won\u2019t be able to just take a long weekend off and go to your lake home on a whim if not vacant.<\/li>\n\n\n\n<li><strong>You have to be a landlord<\/strong> \u2013 Being a landlord is an incredibly time-consuming task. This is especially so with ongoing maintenance and upkeep that will be required for any type of rental property.\u00a0 You\u2019ll be the last line of defense for any maintenance problems. Hiring a property management company to handle these day to day tasks is an option, but along with that option comes a management fee, typically in 15-20% of the monthly rental charge.<\/li>\n\n\n\n<li><strong>You may have strangers living in your home <\/strong>\u2013 They will be using your home and everything that\u2019s in it, including your furniture. This is one of the biggest challenges that certain homeowners have with renting out their vacation homes.<\/li>\n\n\n\n<li><strong>Your home will experience more wear and tear<\/strong> \u2013 Your house and all of its features and appliances, such as your heating and cooling system, washer and dryer, refrigerator, hot tub (should you be so fortunate) will be used much more, causing more <a aria-label=\"wear and tear (opens in a new tab)\" href=\"https:\/\/www.mysmartmove.com\/SmartMove\/blog\/landlord-guide-normal-wear-tear-in-rentals.page\" target=\"_blank\" rel=\"noreferrer noopener\">wear and tear<\/a> and, ultimately, more repairs and maintenance.<\/li>\n\n\n\n<li><strong>You have to be aware of the local rental market<\/strong> \u2013 You have to keep an eye on the <a aria-label=\"local rental market (opens in a new tab)\" href=\"https:\/\/lakehomes.com\/info\/articles-and-news\/8-essential-marketing-tips-for-renting-out-your-lake-home\" target=\"_blank\" rel=\"noreferrer noopener\">local rental market<\/a> to understand how much you can charge in rent and what renters are looking for in your area.<\/li>\n\n\n\n<li><strong>You have to be aware of the legalities involved<\/strong> \u2013 There are basic legalities involved with being a landlord. You need to know who is liable for what in the event that there are injuries or damages caused in or around your lake home.<\/li>\n<\/ul>\n\n\n\n<p>While earning some extra income with your lake home is certainly enticing, be sure to consider all of the pros and cons involved before making that decision to rent out your lake home.&nbsp; Happy renting!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buying a lake home can be an incredible investment. There\u2019s nothing like having a second home that you can use for vacation \u2013 especially one that\u2019s on the lake. What better place to take the family on summer vacation than a home right on the lake? You\u2019ll be feet away from being able to go for a swim. You could even invest in a boat that you can take out onto the water whenever you want. However, if you are buying a lake home for use as a vacation home, you may want to consider renting it out during the&hellip;<\/p>\n","protected":false},"author":2,"featured_media":2302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12064,12063,3],"tags":[141,12,82,139,64,13],"class_list":["post-449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-homeowners","category-for-sellers-advice_and_tips","category-advice_and_tips","tag-homeowner-tips","tag-investment-property","tag-lake-home","tag-lake-real-estate","tag-renting","tag-vacation-home"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Pros and Cons of Renting Out Your Lake Home<\/title>\n<meta name=\"description\" content=\"Learn all about the pros and cons when it comes to renting out your lake home as a way to earn extra income during the offseason.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lakehomes.com\/info\/lifestyles\/pros-cons-renting-out-lake-home\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pros and Cons of Renting Out Your Lake Home\" \/>\n<meta property=\"og:description\" content=\"Learn all about the pros and cons when it comes to renting out your lake home as a way to earn extra income during the offseason.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lakehomes.com\/info\/lifestyles\/pros-cons-renting-out-lake-home\" \/>\n<meta property=\"og:site_name\" content=\"Lake Homes Realty Articles and Info - LakeHomes.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LakeHomesRealtyLLC\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-26T09:00:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-19T20:50:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2016\/04\/LakeMurrayElysiumInside.png\" \/>\n\t<meta property=\"og:image:width\" content=\"833\" \/>\n\t<meta property=\"og:image:height\" content=\"557\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Glenn S. 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