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Living in Two Places at Once: The Art of Owning Homes in Multiple States

Multi-state living arrangements are becoming increasingly popular among homeowners, whether it’s due to work, family, or personal reasons. While owning homes in different states can have many benefits, such as the ability to experience different cultures and climates, it also comes with its own set of challenges.

Here are some tips to help make multi-state living arrangements as a homeowner more manageable:

  1. Have a Plan in Place
    Before you decide to own homes in multiple states, it’s important to have a plan in place. This includes considering the costs of owning homes in different states, the logistics of moving between homes, and the potential tax implications. You should also consider how much time you’ll be spending in each location and what amenities and services you’ll need.
  2. Keep Your Homes Maintained
    One of the most important things you can do as a homeowner with multi-state living arrangements is to keep your homes maintained. This includes regular maintenance tasks such as cleaning, landscaping, and repairs. By doing so, you’ll avoid costly repairs down the road and ensure that your homes are always ready for your next visit.
  3. Hire a Property Management Company
    If you’re not able to be in one of your homes for extended periods of time, it’s a good idea to hire a property management company to take care of it for you. A property management company can handle tasks such as cleaning, maintenance, and repairs. They can also help you find renters if you decide to rent out one of your homes.
  4. Use Technology to Stay Connected
    Technology has made it easier than ever to stay connected to your homes, no matter where you are. Use smart home technology to monitor your homes remotely, such as security systems, thermostats, and cameras. You can also use video conferencing to communicate with contractors and property managers if needed.
  5. Consider Renting Out Your Homes
    Renting out one of your homes can be a great way to earn extra income and offset some of the costs of owning multiple homes. You can rent out your home through platforms such as Airbnb or hire a property management company to find renters for you.
  6. Stay Organized
    With multiple homes in different states, it’s important to stay organized. Keep important documents such as property deeds, mortgage statements, and insurance policies in one place. You should also keep track of any maintenance tasks that need to be done and when they were last completed.

In conclusion, owning homes in multiple states can be a rewarding experience, but it also requires careful planning and management. By following these tips, you can make multi-state living arrangements as a homeowner more manageable and enjoyable.

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