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[quote=Anonymous]We had an investment property at DCL for about 20 years. It would rent mainly in the summer and a few weekends in the winter. Our property was smaller - 3 bedrooms/2 baths and located in the McHenry area/cove.

We still own the property but no longer rent. Mainly because we renovated and didn’t want it getting trashed by renters. Renters will abuse the homes and the rental agencies don’t really care/protect the home.

You can probably cover the mortgage with rents depending upon how big of a mortgage you take out. You may not recover all of your expense though (docks in/out, snow removal, electricity, maintenance, etc).

Skiing at Wisp has declined over the 25 years we’ve owned up there. Previous years saw little snowfall, but this year had great snowfall. This year the resort was  still not really able to open all of the ski trails as early as one would expect because of limited snowmaking capabilities. Apparently water lines are broken and antiquated. There is a friends of wisp Facebook group that gives more details. For these reasons, I would avoid real estate on the mountain or ski related properties.

In terms of Rental Agencies, many folks are leaving the DCL rental agencies and moving to a “self-managed” model. Owners don’t actually clean and fix the unit themselves, but they hire the cleaners, linens, and handy men directly. Apps are used for managing reservations. One the companies that come to mind for this self managed model is A+ Cleaning and Services. They could help you through the process if you want to go that route. You can save the management fees and people complained about the services they were receiving from the agencies.

We enjoy our home there, especially now as a true second home. For us, we can get there in 2.5 hrs. There is never any traffic on the routes we go. Good luck![/quote]

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