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Ocean Isle Beach  rentals, residential sales, commercial sales, and new home communities

Have a Happy Thanksgiving Holiday

Thanksgiving is a few days away and we’d like to wish a Happy Thanksgiving Holiday to your families from ours! Whether you’re traveling to far off places to celebrate with family or you’re staying home to enjoy the holiday at your own house, have a safe and enjoyable time.

Ocean Isle Beach rentalsIf your house runneth over with guests having no place to sleep, why not consider one of our spacious and comfortable Ocean Isle Beach rentals for them to stay in. These rentals are located in a beach community on the Brunswick Islands. There are many Ocean Isle Beach rentals available for a short holiday weekend or a full week’s stay as well as long term winter rentals.

Here are some of the many holiday events taking place in the area this time of the year.

Plenty of excitement can be found at the 9th Annual Ocean Isle Beach Flotilla that will take place on Saturday, November 24, 2012. The Boat Parade begins at dusk at the Shallotte River in front of Inlet View Bar & Grill and proceeds down the Waterway to the commercial canal in front of Sharky’s. Call 910-612-7799 or 910-612-2793 to enter a boat. The Tree Lighting will take place at 5 p.m. followed by a Visit with Santa at the OIB Fire Department. Hot chocolate and cookies will be served.

The nearby Holden Beach Tree Lighting, Chili Cook-Off and Holiday Flotilla will take place on November 29 beginning at 6 p.m.

Don't Miss Lumina Daze!

Ocean Isle Beach RentalsThere's an event you won't want to miss on Sunday, August 28, 2011 if you're in the area. Just a short drive from your Ocean Isle Beach Rentals the event, Lumina Daze, will take place from 4-10 p.m. at The Blockade Runner Beach Resort, 275 Waynick Boulevard, Wrightsville Beach, NC. This evening of fun will benefit Wrightsville Beach Museum and feature shag, jazz and big band music. Music will be provided by Wilmington Big Band, Buddy Skipper and the Jetty Jumpers with Carey Patterson and Pug West, Phil and Mark, and the Dixieland All-Stars. New this year is a Live Auction in addition to our popular Silent Auction. Silent Auction items will include a wide assortment of fine art, services, and specialties from local businesses. Stroll through areas with presentations on themes relating to Wrightsville Beach history. Upper Deck Reunion is in the works!  Please bring to Lumina Daze any Upper Deck memorabilia that you would like to share. Food and drink will be plentiful and for sale. Ticket price for the event is $15. Tickets can be picked up at the door at Lumina Daze or from the museum before 5:00 on Thursday, August 25th. For more information call (910) 256-2569 or email info@wbmuseum.com.

Here are some of the Live Auction items:

  • Carnival Cruise tickets from AAA
  • Mountain cabin at Meadows of the Dan on the Blue Ridge Parkway in Virginia from Blockade Runner Resort
  • 45-Minute airplane trip on Cirrus aircraft by pilots Robin Spinks and Floyd Price
  • Two-nights stay on Wilmington riverfront at Riverview Suites by Eva Elmore, Keith Beatty, and Asa Worthley
  • Elvis Presley impersonator for a party by Terry Horton
  • Autographed book and lunch for two with author and radio commentator, Nan Graham
  • Afternoon sail and hors d'oeuvres at Wrightsville Beach from Ferrell and Becky Shuford
  • History of Lumina Pavilion painting by George Pocheptsov
  • Joyride Softdeck standup paddle board with a Boardworks adjustable paddle.  Height: 8'11", Nose: 25 7/8", Width: 32 1/8", Tail: 22 9/16", Thickness: 4 5/16", Fins included: 7" +FCS
  • Surfing or paddle board lessons with the Pickets by Crystal South Surfing School

Give us a call at Sloane Realty if you're looking for Ocean Isle Beach Rentals. We'd be happy to show you what we have available during your time in North Carolina.

 

Renters Insurance for your Ocean Isle Beach NC rental

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.

Ocean Isle Beach Rentals & Sunset Beach Rentals Income and Expenses

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.




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