Vacation home investors struggling to find renters

phantom power

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Mon Jun-30-08 11:46 AM
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Vacation home investors struggling to find renters

WASHINGTON -- The pool, hot tub and ocean view are the same this summer at Bandit's Lair, but the seven-bedroom luxury home on North Carolina's Outer Banks is missing something critical: enough renters to keep it fully booked, even at a 10 percent discount.

Owner Pat Sepanak said she may leave the house in Corolla empty for part of the summer. The usual herd of vacation renters has been thinned by economic fears and high fuel prices, she said.

http://www.indystar.com/apps/pbcs.dll/article?AID=/20080629/BUSINESS04/806290332/1279/BUSINESS04

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