Should you buy a second home? Here’s what to know
Regency Wealth Management CEO and Managing Partner, Tim Parker, was recently featured in a MSN article titled “Should you buy a second home? Here’s what to know.”
In the article, Parker addressed the financial realities of owning a second property, especially when rental income is part of the plan. “Sadly, the most demand from renters is likely during the time you want to be there,” Parker said. “When we look at numbers with clients, we often end up suggesting they rent a home for a week or a month instead of entering the world of landlording. It’s often cheaper and comes with fewer hassles.”
His comments highlight a practical, client-first approach. One that weighs lifestyle goals against financial outcomes and prioritizes solutions with fewer risks and obligations. By considering alternatives to ownership, Parker notes that clients can often enjoy the same experiences with greater flexibility and lower costs.
Read the full article to see all that Tim had to say.
This article and the quotation included is not intended as investment advice, nor should it be construed as a recommendation to buy or sell any securities by Regency Wealth Management or its employees. The author does not guarantee the accuracy or completeness of the information presented and strongly advises investors to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Investing in stocks involves risks, including the potential loss of principal.
Regency Wealth Management is a SEC Registered Investment Advisor managing over $500 million for families and small institutional investors. Regency was founded in 2004, is headquartered in New Jersey, and serves clients across the country.