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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I have a very small beach cottage (Under 1K sqft) and did a 1031x and have no mortage. The place is booked solid all summer and I have about 30% occupancy the rest of the year. This place is NOT at a beach like OBX, it has visitors year round. Since it is in a "real" town I am not held captive so some sort of management monoply. I have 2 people on call for small things that arise.

Gross Income in 2025 was 77K. Property taxes were 5K, insurance was 1800, utilities and internet was 6400, Shoulder season refresh and updates was 2800. Cleaning fees was 3640 (including some special cleanings). Service calls were $485. However the house got a full gut remodel when we purchased it so we built for durability and low maintenance. We went higher for durable materials.

It works for us, but probably not as well for people who have a mortgage. it also works for us beucase we love the house and would probably be fine if we didnt rent it at all.[/quote]

Someone I know has a similar result but it is rented most of the summer. About 3.5 weeks
Of summer rent covers most of the home’s expenses. No mortgage but they did do extensive improvements over the years (new pool deck, new cabana, etc). Renting all from repeat families so no listing fees. Does not live local but has local people who she trusts to deal w/cleaning, maintenance, etc. large money maker for her…[/quote]

Yea this is why I love VB so much for investment, the year round markt is a huge money maker. If you are somewhere like the OBX, a bad summer can break you.  I took 2 other properties and rolled them into this beach house in order to have no mortage and the profits from VB have been piling up (we've invested that into the stock market) and are just waiting for another property to open up in the area we target in VB.  Hope to end up with 6 figures annual net profit. Will be a nice little retirement stream of income.[/quote]

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