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Real Estate
Reply to "Vacation rental the row house?"
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[quote=Anonymous][quote=Anonymous]OP here, thanks for the input all. I am quite sensitive to my neighbors here, I don't want a bunch of rowdy people making life miserable for them. I guess I had figured that I could fill the home by marketing particularly to families: Have a crib and baby gates available, the kitchen would be stocked, and a kitchen is always helpful when it comes to having babies/toddlers. [b]I particularly thought those family members who have OTHER family on the hill would be a big market, as there are few convenient places to stay and I've often wished we could rent a house rather than stack up my in-laws in the basement.[/b]The house could easily sleep 8-10 with a pull out or two and has 3.5 bathrooms. The comparable properties I'm seeing on the hill look like they bring in $325-$350/night during the high season. So, while I could rent it long-term for probably $4000/month or so (?) It's nowhere near the $9500 I COULD bring in if it were full with vacationers. (Even if it were only full 75% of the time we'd be making substantially more.) I'm not working currently, so I have the wherewithal to manage this - and we would charge for the cleaning service, ask for a hefty deposit, request the renters respect of our neighbors, etc. But, ehhh - none of you would apparently look to rent a house, or think it isn't worth the headache. So, perhaps I'm biting off more than I can chew here.[/quote] one more thing. I am not sure you are realist on this point either. our families live 2000 miles away (DH) and overseas (mine). when they visit for a week, they would never even pay $2500 to rent a house, plus cleaning fees plus a hefty deposit. they always stay with us, but for that price, they would pay a hotel (where they would pay less, BTW), their room would be cleaned every day, no extra cleaning fees and no hefty deposit, and they would have service in the room if they need anything. [/quote]
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