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SVTPerformance's Chain of Restaurants
Road Side Pub
Property investors/renters ! step on in
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<blockquote data-quote="venmos1" data-source="post: 16179607" data-attributes="member: 40656"><p>I dont have a lot to contribute aside from the vacationer looking for a rental. My wife and i just spent hours and hours looking for a rental home for vacation. We already bought our tickets into orlando and narrowed our search to 3 hours in any direction, preferrably on the gulf. There were a lot of options at all sorts of price points. We were amazed at some of the very high end homes for rent for only 150 and less a night. Some had to be half to million dollar houses. So it seems that competition is high. These all had enclosed pools with 3 plus bedrooms and 2 bedrooms sleeping 8. </p><p></p><p>What i would take out of this is what is true with any real estate transaction. If you buy the property at the right price you cannot lose. If you buy too high you set yourself up for failure. Sounds kinda obvious but it really is true. Supply and demand. If you offer what people want at a price they want to pay you will be fine. Pay too much for a property and sink too much into renovations to stay up to other comps and you may be in trouble. I would guess that a lot of these homes were either purchased at killer prices or were hand me downs as it seems like they barely make enough to pay the taxes, rental fees, insurances, landscapers, property managers etc. You really need to be on point with your numbers if you want to make profits. But thats just the basics of real estate.</p></blockquote><p></p>
[QUOTE="venmos1, post: 16179607, member: 40656"] I dont have a lot to contribute aside from the vacationer looking for a rental. My wife and i just spent hours and hours looking for a rental home for vacation. We already bought our tickets into orlando and narrowed our search to 3 hours in any direction, preferrably on the gulf. There were a lot of options at all sorts of price points. We were amazed at some of the very high end homes for rent for only 150 and less a night. Some had to be half to million dollar houses. So it seems that competition is high. These all had enclosed pools with 3 plus bedrooms and 2 bedrooms sleeping 8. What i would take out of this is what is true with any real estate transaction. If you buy the property at the right price you cannot lose. If you buy too high you set yourself up for failure. Sounds kinda obvious but it really is true. Supply and demand. If you offer what people want at a price they want to pay you will be fine. Pay too much for a property and sink too much into renovations to stay up to other comps and you may be in trouble. I would guess that a lot of these homes were either purchased at killer prices or were hand me downs as it seems like they barely make enough to pay the taxes, rental fees, insurances, landscapers, property managers etc. You really need to be on point with your numbers if you want to make profits. But thats just the basics of real estate. [/QUOTE]
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