2007-03-14 19:03:14 · 8 answers · asked by bigpoppamike21 2 in Business & Finance ➔ Renting & Real Estate
Not any more. House prices have gone through the roof, and so have management fees to realtors. Also those rental units typically spend an average of 6 months empty each year, and get trashed often. Then you have licensing, inspections, taxes, insurance, maintenance, lawn care and all those other lovely expenses.
2007-03-14 19:13:11 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No. In my opinion, NOT a good investment, as far as investments go.
Unless you have someone nearby to act as the property manager, and oversee the renters, repairs, and problems associated with lots of rental turnovers, it is inviting a lot of headaches. Weekly rentals are very tricky, not like long-term leases of houses. The same applies to condominiums and time-shares. Ownership as an investment property will seldom be the profit you expect.
Just the cost of advertising the property as a weekly rental would be a headache. Paying a company to manage these things may well take away all your expected income and profit.
2007-03-14 19:13:03 · answer #2 · answered by JOHN B 6 · 0⤊ 0⤋
It could be... if you can keep it rented. That means getting it listed with travel agencies. But travel agencies don't want to deal with a person who only has one unit to rent...
I have an apartment building. The nature of the building and location are such that i thought it would be a good idea to set it up to rent to "TAD" (Temporary Assigned Duty) military personnel. These are people who will be at the base for 2 weeks to 9 months... Supplying an apartment complete with dishes, pots, pans, linens, furniture, TV... at a price less than a hotel/motel would cost them giving them more room, but charging more than the average "furnished" place due to allowing short term and supplying things that normally are not supplied.
I didn't have enough units to be able to make the idea work... it takes a few dozen units minimum... I've got a 4-unit building. I ended up having top pull all the furnishings because unfurnished apartments with 1 year leases stay full easier.
2007-03-14 19:12:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No.
You can not buy a house within 10 miles of the mouse that could justify any type of return.
The market if flattening off, and has been for the past 2 years. You have great thinking on riding Disney's coat tails, you are just 3 decades to late.
2007-03-14 19:10:09 · answer #4 · answered by John K 3 · 0⤊ 0⤋
whats up, i'm from Wi too and we bypass all the way down to Disney a minimum of thrice a year. i do no longer bypass to standard using fact it is not something i'm involved in. I went some years in the past using fact I had a loose fee ticket and that i isn't lower back. It became grimy and loud and the visitors and workers have been rude and obnoxious. regrettably standard seems to charm to a distinctive crowd than Disney and it isn't the gang i want to be around. in case you like curler coasters and being taken care of like crap, head on over, you will possibly be able to truly delight in your self, yet i visit stay with Disney! What approximately Sea international? they have extra some new rides and their shows are especially cool.
2016-10-18 10:26:46 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Just hope that house is close to yours because weekly rental need a lot of work (cleaning, repair & maintenance) plus get ready to submit extra paper work for the taxes that you have to collected. Honestly.. it's not worth it unless you want to start having some ulcers.
2007-03-15 00:35:28 · answer #6 · answered by lynda l 5 · 0⤊ 0⤋
Not unless you live close by or hire a realtor to handle everything for you, obviously they will charge a fee for this.
2007-03-14 19:11:21 · answer #7 · answered by e.sillery 5 · 0⤊ 0⤋
Good idea. Constantly collecting security deposits, different people every week, constantly cleaning up after them, licenses, taxes, etc.
2007-03-14 19:05:36 · answer #8 · answered by joey k 3 · 0⤊ 0⤋