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jimbo2012
05-22-2021, 06:05 AM
Had a friend visit here for few days and he was thinking about buying a home and renting during the high season and when he isn't using it.

Those of you that rent

1. how easy is to rent a small designer through out the year
2. where is the demand term wise - long term, weekly, monthly etc.
3. where to you advertise your property, here on this forum (seams out of date listing are numerous) AirBnB, other websites

Any other info I could pass along

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asianthree
05-22-2021, 07:59 AM
We have long term, and when we came down we would rent something for a week or two. Our average of inquiries for 1 year rental starting in 2010 was around 40.
2020 we had 17 inquiries.
2021 we had 26 inquiries.
I do phone interviews and narrow to 4-5 couples meet in person if current tenant does not renew. At this time there are very few long term available, and in the south $1850 seems to be the going monthly rate. We use the vill4 rent
jimbo2012
05-22-2021, 08:24 AM
They went to sales office, using a purchase price of $325 with 20% down, comes to about $2200 month to carry a new designer home.

So if the market is $1850 that wouldn't work to well.

Perhaps as an investment property a monthly rental would yield more
mulligan
05-22-2021, 09:03 AM
IMHO, rentals should not be allowed at all. Renters have no investment in the community. You never really know who you're renting to. Citizenship should be a requirement for land ownership.
asianthree
05-22-2021, 09:21 AM
They went to sales office, using a purchase price of $325 with 20% down, comes to about $2200 month to carry a new designer home.

So if the market is $1850 that wouldn't work to well.

Perhaps as an investment property a monthly rental would yield more

Actually profit was less for January, February, March. You have to pay percentage to state, all of the utilities for 12 months. We tried a seasonal rental, following year we went to long term. Many owners buy 4-5 years before retirement, even if you break even or less. It’s money that pays for the home while you are in waiting for retirement.
We purchased a home for our parents to use in winter months, once they were no longer capable of using the home we started renting long term.