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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]

I'm the PP you're quoting.  We actually own a second home in a location that has high demand in summer (lake and hiking) and winter (skiing).  We don't rent it out, but saw the records for the previous owner who did.  Rents were lower in the shoulder seasons of spring and fall, but fairly steady.  Peak rates did not fluctuate much during summer and winter but were pretty steady.  I imagine they did ok with the rental.  But even in a more high end place, it takes a toll on the property.  The house had a much smaller max usage per the rental company, certainly not stacking people into it the way so many of the OBX properties do.  We renovated, got rid of the previous furnishings, and took it off the rental market.  No thanks, too annoying, house is paid for, and we don't need the stress.[/quote]

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