Future Rentals on Beach Home

Discussion in 'Rentals - Vacation' started by Kim Smith, Dec 3, 2004.

  1. Kim Smith

    Kim Smith Beach Lover

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    With the way they are building on 30A, what do you think, as a homeowner of a rental income home, is going to be the key to keeping the home rented? I have been reading some of the messages on the boards and it seems that homeowners are not having the same responses on their rentals as in the past. We have not had our home that long and we are wondering if it is not time to sell.
     
  2. kurt

    kurt Admin Staff Member

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    Competition for renters is getting more and more fierce. Smart owners that have time and desire are doing a few things to help get booked.

    Bottom line are your numbers. A good rental manager or financial adviser can help a lot. Questions such as:
    Are you priced right
    What is your current marketing
    income/expense ratios
    tax consequences / depreciation
    appreciation / long-term expenses

    Maybe you already know all this.

    Here are some tips for rental owners:
    http://www.mooncreek.com/rentals.html
     
  3. Rita

    Rita margarita brocolia

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    Interesting is that just this week in mail we received a Realtor newsletter stating that an employee of a LARGE rental agency says people are "scrambling" to plan their 2005 vacations in the area between PCB andFort Walton! This agency is supposedly already 85% booked for Summer 2005! (This because of damage to rentals further west.)

    This makes it seem that there will be renters sooner or later!
     
  4. RiverOtter

    RiverOtter got any pics?

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    We have a couple of condos that Abbot handles and they are filling up pretty fast.
     
  5. GraytonBound

    GraytonBound Beach Fanatic

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    We have snowbirds in til mid March, most of May & June are booked, & 1 week in July is taken. This is for the ocean front unit; the pool front stays fairly vacant.

    As a matter of fact we better schedule our own vacation soon before all the weeks are gone :)
     
  6. RiverOtter

    RiverOtter got any pics?

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    Maybe you should get right on that :mrgreen:
     
  7. Kim Smith

    Kim Smith Beach Lover

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    Who do you have your unit booked through?
     
  8. RiverOtter

    RiverOtter got any pics?

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    Our rentals are handled by Abbot. They are both in High Pointe and Abbot is right there on site.
     

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