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re: Rental properties - Sandestin, Seaside, Seagrove, Water color
Posted on 7/4/22 at 9:31 am to GeauxTigers123
Posted on 7/4/22 at 9:31 am to GeauxTigers123
Early on I refused to use a management company but as I added more and more properties it became a necessity.
They take a hefty fee but without them you need to do your own advertising, reservation management, cleaning crew, weekly inspection etc. The management companies do have a maintenance staff but it’s not cheap. If large repairs need to be done they will refer you to someone but you’re probably better off finding one on your own.
They do negotiate and I had a deal where I hired the cleaning crew and handled the majority of the repairs. I wasn’t paying $35 for them to change a lightbulb. With that said, I live 4 hours away and we use to be here around 100 days per year, if you’re not as close, it can be difficult. Time spent here seems to be less and less as my kids sports schedules expand. Little Jaxton and Brayden need their exposure for all those scouts.
They take a hefty fee but without them you need to do your own advertising, reservation management, cleaning crew, weekly inspection etc. The management companies do have a maintenance staff but it’s not cheap. If large repairs need to be done they will refer you to someone but you’re probably better off finding one on your own.
They do negotiate and I had a deal where I hired the cleaning crew and handled the majority of the repairs. I wasn’t paying $35 for them to change a lightbulb. With that said, I live 4 hours away and we use to be here around 100 days per year, if you’re not as close, it can be difficult. Time spent here seems to be less and less as my kids sports schedules expand. Little Jaxton and Brayden need their exposure for all those scouts.
This post was edited on 7/4/22 at 9:36 am
1
Posted on 7/4/22 at 12:06 pm to SippyCup
quote:
Just a tip, don’t think you need beachfront. Condos yes, but homes within a block of the beach sell for less than beachfront and book up close to the same. The rental income to purchase price is better for non beachfront homes.
Right on 100% my mentality going into this. So long as you have a golf cart or have bikes for people to ride I find it just as enjoyable if not more personally.
I also want as much protection from a storm as I can get. Given these new beachfront homes they are building and the strong high rises aren’t going anywhere with todays building standards and codes, nonetheless I want a little bit of buffer as a couple few blocks off the beach can sometimes make a big difference.
Still stuck on the high rise condo vs home though. Just seems like high rise is a pain in the arse even with the HOA taking care of all the exterior work and maintenance. Just seems very hotel-ish or apartment ish vs beach type house. Idk
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