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21
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4
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Steve Sauro
  • Rental Property Investor
  • MD
4
Votes |
21
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Leasing deeded boat slip at property I own

Steve Sauro
  • Rental Property Investor
  • MD
Posted

Hello all - 

Not sure if this is the place to post for feedback on this but........

I purchased an investment condo on the Eastern shore.  The condo is on a canal with a deeded boat slip which is rare where we bought.  I have annual tenants in the unit creating some cash flow BUT I know I can capture additional income by leasing the boat slip during May - October

Does anyone have any experience with this?  Pitfalls to avoid or at least be aware of?  Screening prospective 'tenants' seems different only because you can have great credit, clean criminal and still be a slob and leave crap everywhere.  That is what I'm trying to avoid by being a good, responsible property owner

Any input is much appreciated.

Thanks BPP peeps

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