It is nothing new to anyone that the national real estate market is incredibly slow these days. Home owners that are trying to sell their property are having a difficult time getting their asking price and many of them have resorted to slashing the home’s price, losing much of their potential profit just to get the home off their hands.

The Brunswick Islands boast some of the most beautiful beaches on the North Carolina coast. Enjoy watching the wildlife while you relax on the waters edge in Ocean Isle or watch the sunset in Holden Beach.

The real estate market is a business cycle. There are buyers’ markets and then there are sellers’ markets. The cycle is all based on the concept of supply and demand.

Nothing can compare to the excitement of buying your first home. Owning a house is a classic aspect of the American dream that you do not think about until everything seems to be going right in your life.

Sloane Realty has several property opportunities available in the wonderful quiet beach town of Sunset Beach. With real estate available from oceanfront to mainland, Sloane Realty’s experienced realtor staff offers plenty of options for your new home rather it be a permanent residence or a vacation get-away.

Ocean Isle Beach is home to many great new communities that are each distinctively unique. These new communities boast several great amenities including golf courses, pools, and nature trails which promote residents to enjoy an active lifestyle.

Vacation season is here and it is getting harder to do the routine. Pack the lunches, rush to work, get the kids to practice and don’t forget the load of laundry that just won’t fold itself. So you think ahead to the precious week or two at the beach when life slows down, you can finish a conversation and take time to do nothing more than spend an hour watching the tide change.

It’s a softer life here on the shores of Brunswick County.  Your stay doesn’t have to be just a week or two.

With your own affordable vacation home in Ocean Isle or Holden Beach, you can get away for a few days, sneak a week, or spend the December holidays under a blue Carolina sky that heals the soul.

Sloane Realty will work with nearly any budget. The best incentive is that your beach vacation investment will hold its value all the way into retirement.

Whether you want to fish, boat, play golf on championship courses, explore or sit back and watch the tides come and go. There’s a lifestyle here to suit any interest.

For over 50 years, Sloane Realty has been the #1 leader in residential real estate and vacation rentals in Brunswick County.

The majority of Americans who rent do not have renters’ insurance. This has always been a wonder to us other than the fact that people may be mistaken that renters’ insurance is expensive. The owner of the Ocean Isle Beach rental property that you’re renting has insurance to recover damages to the property not your belongings. Renters’ insurance is cheap because it only covers your belongs and provide liability coverage. Renters insurance can be acquired for as low as $15 per month depending on the value of coverage and your location.

Renters’ insurance covers losses due to theft, fire, smoke, wind, vandalism, electricity, explosions, and water damages from plumbing. The insurance also provides liability if guests are injured in your Ocean Isle Beach NC rental and hold you responsible. Some policies will also cover extra cost associated with additional living cost if your rental property is damaged or being repaired.

However, renters’ insurance does not cover your automobile and damages resulting from floods and earthquakes. Separate policies can be purchased to cover these areas.

Include all of the income that your receive from the use of the property. This includes money received by tenants for utilities which may also be considered a rental deductable. Lease cancellation payments as well as fair market value of services or property received in place of money are considered rental income. Income does not include security deposit if returned.

Depending if you are a cash basis taxpayer or use an accrual method will define which year to record the income. If you’re a cash basis taxpayer record the income in the year of which you receive them. This also implies if you receive income in advance; record it to the year received not the year in which it applies. Expenses of the rental property can be deducted and are record in the year that you pay them not the year that they occurred. If you use an accrual method you’ll do just the opposite of a cash basis taxpayer. In this method you record the income in the year that it is earned. For example, if your tenant gives you money for January’s rent on December 2006 then the income would be recorded on your 2007 taxes. This applies for the expenses as well. If the water bill for December 2006 was paid in January 2007 they should be recorded in 2006.

Expenses include:

• Depreciation
• Utilities
• Managing, Conserving, or Maintaining of the property while it is not being rented
• Advertising
• Rental Payments if your lease the property from someone
• Rental of Equipment for property use
• Utilities
• Insurance
• Taxes
• Interest
• Commissions
• Tax return preparation fees
• Travel expenses
• Local transportation expenses

Expenses do not include Improvements but they may be recovered in depreciation expenses. Check out IRS.Gov for more information on Ocean Isle Beach Rentals & Sunset Beach Rentals tax information.