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re: Orange Beach, AL Property Management
Posted on 1/9/17 at 10:54 pm to baldona
Posted on 1/9/17 at 10:54 pm to baldona
I'd like to get to the point where my mother can manage the property(ies) when she retires. As of right now, I think a management company will help us get our feet wet a bit. I'm with many of you that 15% isn't always the way to go.
1
Posted on 6/28/17 at 11:19 pm to jmarto1
Thought I'd update how my venture with my 1 bedroom is going. We started renting in March and April was the last month we had to put money into it. Since then it has been pulling 3k-4k a month and 5k during the peak season. I am booked solid through mid-August. I was figuring this might be an equity play but it looks like it may turn a decent profit. After July I will have enough funds for the rest of the year's bills. I will build up 6-12 months of bills in the account and then look to start paying it off quicker.
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