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SVTPerformance's Chain of Restaurants
Road Side Pub
Vacation home rental?
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<blockquote data-quote="MG0h3" data-source="post: 16874574" data-attributes="member: 164690"><p>Hard to say on ROI. Too many variables. </p><p></p><p>Some markets def perform better than others. Just gotta research home price/vs expected income. Use AirBNB and VRBO to gather data on nightly rates. </p><p></p><p>I had a unit in South Padre for a couple years. Had never done short term but got the hang of it and it was easy after a few months. </p><p></p><p>Need to develop a network of service people that will go fix problems asap. Had a few events where toilets broke, AC quit etc and you need to have that fixed like that day. I’d still give the tenant a little discount for their trouble. Keeps the good reviews coming. </p><p></p><p>Gotta have good communication and take care of the renter. Reviews make or break you. </p><p></p><p>I’d def pick somewhere that you like to vacation. Makes doing repairs and what not a business expense and vacation all in one. </p><p></p><p>If it’s in an HOA, do some research and talk to owners. HOA at my complex was a ****ing disaster and made it easy for me to sell when the selling price doubled after two years of ownership. </p><p></p><p>I’m a hold right now on buying real estate. Even though my mortgage broker says he doesn’t think prices will come down, he cold calls me telling me about whacky loans to lower the interest rate for a couple years until rates come down. </p><p></p><p>No thanks buddy. </p><p></p><p></p><p>Sent from my iPhone using svtperformance.com</p></blockquote><p></p>
[QUOTE="MG0h3, post: 16874574, member: 164690"] Hard to say on ROI. Too many variables. Some markets def perform better than others. Just gotta research home price/vs expected income. Use AirBNB and VRBO to gather data on nightly rates. I had a unit in South Padre for a couple years. Had never done short term but got the hang of it and it was easy after a few months. Need to develop a network of service people that will go fix problems asap. Had a few events where toilets broke, AC quit etc and you need to have that fixed like that day. I’d still give the tenant a little discount for their trouble. Keeps the good reviews coming. Gotta have good communication and take care of the renter. Reviews make or break you. I’d def pick somewhere that you like to vacation. Makes doing repairs and what not a business expense and vacation all in one. If it’s in an HOA, do some research and talk to owners. HOA at my complex was a ****ing disaster and made it easy for me to sell when the selling price doubled after two years of ownership. I’m a hold right now on buying real estate. Even though my mortgage broker says he doesn’t think prices will come down, he cold calls me telling me about whacky loans to lower the interest rate for a couple years until rates come down. No thanks buddy. Sent from my iPhone using svtperformance.com [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Vacation home rental?
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