- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Rental properties - Sandestin, Seaside, Seagrove, Water color
Posted on 7/1/22 at 8:11 pm to Im4datigers
Posted on 7/1/22 at 8:11 pm to Im4datigers
quote:
Yeah that’s the only reason I don’t want a condo esp high rise condo. I don’t to get hit with special assessments out of left field. I hear if that a lot.
As someone that's been involved in both ownership of a home, townhome, and condo from afar I'll tell there's A LOT more work in upkeep on your end for anything but a condo. Furthermore, the only reason condo dues aren't cheap is because they building is maintained in essentially SAME condition. To maintain a home or townhome of the same size individually is A LOT more money. A LOT more.
The beauty of a condo for a vacation property, is you pay your dues and the exterior of the building is almost 100% set for you infititely. The interior...I mean that's fairly easy just appliances and maybe some occasional like plumbing or handy man stuff. Then whatever upgrades but that's with any properties.
Ultimately, a condo you can be a crappy owner as far as maintenance and likely nothing will likely. If you are a crappy owner in regards to upkeep on a beach house its going to fall apart on you in just 3-4 years.
Posted on 7/2/22 at 9:53 pm to baldona
quote:
The beauty of a condo for a vacation property, is you pay your dues and the exterior of the building is almost 100% set for you infititely.
Yes, so long as you have a condo board that is business savy and understand CAPEX and reserving properly. If you get a bunch of idiots on the board that like to spend money on useless shite and disregard reserve studies and sticking funds back, you can be toast real quick. Ie the building collapse in miami for an extreme case
Posted on 7/3/22 at 2:35 pm to baldona
For vacation homes (in various desirable spots not just the coast) how do property management companies work? Like if you need to do repairs to a home, do they call you up and say “the porch has got to be redone” and then arrange it from there? Or do you still have to be super involved.
Back to top
Follow TigerDroppings for LSU Football News