Renting property by the week. Any experiences?

**Sly_RJ** · 08-02-2004, 10:08 AM

That would be incredible. I wonder how difficult management would be though.

**Dildozer** · 08-02-2004, 03:29 PM

Originally posted by Sly_RJ
That would be incredible. I wonder how difficult management would be though.

I'm wondering the same, there are alot of property management companies and since i don't live in the same city as my investment i'll have to figure out a way.

**goBigtime** · 08-02-2004, 03:34 PM

It's definitely a good business in consistently touristy places considering the property value increases.

Another bonus is after you start to rack up a few nice places of your own, people start coming to you to manage their places during the periods they are not using their vacation home.

Keep Tahoe Blue

**Doctor Dre** · 08-02-2004, 06:00 PM

Well there WILL be a lot of problems and work . But if you can get 2-3 in the same aera you can probably make a lot of money without too much work

**freeadultcontent** · 08-02-2004, 06:01 PM

I would expect a crap load of damages and repairs. Better get one hell of a security deposit.

**Dildozer** · 08-02-2004, 06:11 PM

Made an offer, we'll see how it turns out

**EviLGuY** · 08-02-2004, 06:12 PM

I'd definitely find someone to do the managing for you..

**korzon** · 08-02-2004, 06:12 PM

**fr8** · 08-02-2004, 06:15 PM

I have family that use to have ocean front property. The hardest thing about it is the upkeep of the house. They lived 4 hours from it. So if a problem occured they would have to drive out to it. But at 1200-1800 a week it was worth it to them.

**ace0r** · 08-02-2004, 06:18 PM

i have a 3 homes on the beach @ emerald isle in north carlonia which i rent out to tourists, what i did was link up with a local travel agent to keep the places booked for a certain percentage, and worked out a deal with a local cleaning service to tidy up after each set of people leave. A property management company looks after the homes for a fee of 6% of the monthly mortgages. A lot of property managers want a cut of the gross in areas where weekly/biweekly rentals are popular, and that's just asking for an assraping.

**Dildozer** · 08-02-2004, 06:31 PM

6% ain't much, if you look at Tremblant for example, which are crooks, are selling condos and you are OBLIGATED to get them managed by them for 50% of rental price.

So basically they sell you a condo where you lose money each year because costs are greater.

I used to work for whistleraccomodation.com where they charged 20% or rental price and gave a hell of a good service. Still it's weekly not daily so i don't think i'm willing to shell out that much.

**Doctor Dre** · 08-02-2004, 06:33 PM

We actually got something like that in New Brunswick ... cost us 750 $ a week for a small place near the see. It was really nice but a lil bit dirty

**Dildozer** · 08-03-2004, 06:53 AM

Originally posted by Doctor Dre
We actually got something like that in New Brunswick ... cost us 750 $ a week for a small place near the see. It was really nice but a lil bit dirty

For that price what did you expect?

Anyone know if Quiet does the same with his Whistler condo?

Renting property by the week. Any experiences?

Renting property by the week. Any experiences?

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