What to do with rental income
I own a condo in Naples Fl that I live in seasonally (summer months) and rent out for vacation rentals in the winters. It is my primary residence.
When I don’t live there, I live and work in Europe where my housing is paid for. My question is: would it be smart to take my rental income which I get in advance and pay down my mortgage in bigger sums or should I just continue to pay the normal monthly payments?
M rental income basically covers my mortgage for the year so I break even but it’s not a property I got to based on investing. It just happens to work out that when I am not using it I can rent it out for a premium price.