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Real Estate
Reply to "OBX house not selling"
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[quote=Anonymous][quote=Anonymous]You can put over 20 people into this house. I can't even imagine the wear and tear on everything. It looks like you make all of your money in a month or two, but property management fees are probably 30%. The maintenance costs if you don't want it to be or become a total dump would be very high. Not to mention the aggravation. [/quote] If you have to rent it 2 months in the summer when do you even get to use it yourself if you have school aged kids with limited time off? I never understood the appeal of rental summer homes in the climates where it’s only usable 2-3 months a year. When you can collect meaningful rent is when you want to be there, and outside of summer months the demand must be abysmally low, so you cannot break even. I would want a vacation rental property somewhere with all year round demand if I relied on rental income and also wanted to enjoy it myself.[/quote]
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