Quote:
Originally Posted by Leshook
Hi there, we are looking to purchase a home and then rent it part of the year. I’ve been researching, and I’m hoping some would share here or privately if they feel the market is over saturated with rentals? Is it a profitable thing or do you just break even? Is there a certain area that is better for rentals? Thanks so much for any insight!
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If you have been researching, do you have any experience being a slumlord?
What are you assuming for an occupancy rate?
What target market renters are you expecting?
Are you managing the property or are you having a PM perform that duty?
What high season low season rates are you expecting?
What are your annual expenses to cover?
Furnished or unfurnished?
annual lease or IDIQ? individual dates individual quotes?
Have you even searched your answers on here? of which there are many answers to your questions. .
as a long time corporate financial modeler amongst other job skills, and a TV slumlord, my intuition says that you don't have any experience with the research part
or maybe I am wrong, but can you answer any of the above questions?
9 more working days until former corporate finance guy