brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
I stumbled across a seemingly inexpensive cabin that has a history as a vacation rental and am toying with the idea. Has anyone done this? Painful experience, or will this work as an investment proposition? The property in question is about 3 hours away from my home, so I would need a local property manager. The property is near a 4X4 offroading trail of some repute and a national landmark that draws a lot of visitors each year. With my penciled in estimate of expeses and giving up 15% of revenue to the property manager, I estimate break-even is around 30 days of paid rental based on the rate charged by the only other rental property I can find nearby.