By Jordan C. May, Esq.
As a result of these economically challenging times, many property owners come up with creative means to maximize income generated by their properties, whether residential or commercial. Recent examples include the proliferation of short term and vacation residential rentals like those seen on www.vrbo.com and www.craigslist.com. Other examples include property owners expanding property uses, including the operation of new businesses out of an existing property not zoned for the new use. These activities can often generate significant additional revenue which is especially important in times of financial distress.
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Information and legal resource Frascona, Joiner, Goodman and Greenstein, P.C.
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