Archives
Using Real Estate to Pay for College
September 15, 2021
Last week, we talked about different ways to save for college and pay for your children’s college expenses. You can invest in a 529 plan or explore other college savings methods that may offer you steady funding when it’s time… Read Now >>
The Best College Savings Alternatives to 529 Plans
September 8, 2021
The past few articles have been focused on the pros and cons of 529 plans as a popular method for college savings. They are a great conservative long-term savings plan when they fit in well with your overall financial plan.… Read Now >>
What Happens to 529 Plan Funds if Not Used for College?
September 1, 2021
Many families invest in 529 plans for college savings. They are a great way to put money aside and gain tax-free investment earnings until the funds are ready to be used for expenses like tuition, books/supplies, room and board. But,… Read Now >>
The ABCs of 529 Plans
August 25, 2021
If you are saving for your children’s college expenses, you have likely heard of a 529 plan. This is a popular option that’s specifically designed for college savings. As with any investment program, there are pros and cons to 529… Read Now >>
How to Prioritize College Savings in Your Financial Plan
August 18, 2021
When you have children, saving for their college education is generally going to be a major priority. You want to help set them up for their future and provide them with the financial resources they need to get a quality… Read Now >>
The Pros and Cons of Vacation Rental Properties
August 10, 2021
As we’ve been discussing on the Illumination Wealth Blog, short-term vacation rental properties can be a great investment if managed properly. These rentals can take several different forms: • Property Solely Used as a Vacation Rental • Part-Time Vacation Rental… Read Now >>
Is a Vacation Rental Property a Worthwhile Investment?
August 4, 2021
We’ve been talking about the costs, benefits and planning options for short-term vacation rental properties. Ultimately, one big question remains: Is a vacation rental property worth your time, money and effort? This is a loaded question because it will depend… Read Now >>
Long-Term vs. Short-Term Vacation Rental—Which is Better?
July 28, 2021
With online platforms like Vrbo and AirBnB gaining so much popularity, short-term vacation rentals have become all the rage. Rental property owners used to seek out long-term tenants to rent their homes and condos for entire seasons. They preferred the… Read Now >>
Maximizing Your Vacation Rental Income
July 21, 2021
If you own a short-term vacation rental property, you’ll want to do everything you can to maximize your profitability. Here are 10 simple tips we recommend to help you improve your ROI and increase your vacation rental income: 1. Keep… Read Now >>
The Cost Structure of Having a Short-Term Rental
July 14, 2021
It is an enticing prospect to use an extra room in your house, dedicated guest space or a second home as a short-term vacation rental, especially if you own property in a desirable travel destination. You just have to remember… Read Now >>
