Reply to Rehoboth Beach: Buying a Vacation Condo

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[quote=Anonymous]My parents bought a beach house to rent out (not in Rehoboth). I guess they are happy but I would never do it. You need to hire a management company and also  spend time managing them. It is just constant repairs, checking on the maids, responding to reviews, fielding questions about whether people can bring dogs (manager wants them to say yes) and so on. Annoying to do from a distance.

There's also a tension between buying and maintaining a place you want to stay in, and buying and maintaining one that can suffer rental abuse. My parents bought a nice house and furnished it beautifully. People steal pillows, put chicken carcasses down the disposal, take wine glasses to the beach and lose them there, break off keys in the door. Yes there is a deposit but now you've got another family coming in and the disposal is broken. Plus people leave bad reviews if you take their deposit.

Honestly I'd rather just pay to rent when I want to go, especially if you're planning to go in the off season.[/quote]

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