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Reply to "OBX house not selling"
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[quote=Anonymous][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] That’s why we are looking for a place that has peak rental during the summer (when we don’t plan to be there) but is temperate during the winter when we plan to use it. Seems like North Florida and Georgia coast fit the bill. Seems like temps are mainly in high 60s (perfect for us), with stretches in the 70s/80s…and times when you might have several days in 50s. I like ski destinations if it was all about the money…but would find it hard to live in a ski place for many months of a year.[/quote]
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