brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
DW and I are toying with the idea of buying a vacation property that would also be used as a rental. The property is question is a condo and appears to be relatively inexpensive, so should be fairly low maintenance and not a big nut to cover. It is about 200 miles away from where we live in an area we have visited several times and would enjoy spending more time in. If we decided to buy this thing, I would expect to rent it for short term vacation rentals to offset some or all of the cost of carry. Since we are not local, I imagine we would need the services of a property manager. Has anyone done this? Pitfalls? How do you do the marketing of the property (VRBO/Air B&B?)? What do local agents usually cost per rental?
I am still penciling this out and we have not seen the property yet, so this is early stages and may go no further.
I am still penciling this out and we have not seen the property yet, so this is early stages and may go no further.