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Updated almost 10 years ago on . Most recent reply

User Stats

54
Posts
13
Votes
Jeff Hink
  • Investor
  • Memphis, TN
13
Votes |
54
Posts

Weekly rental, why sell?

Jeff Hink
  • Investor
  • Memphis, TN
Posted

We just looked at a good cash flowing weekly rental.  We have been having the discussion around this question...

Why would you sell a weekly vacation rental that has a  $35k a year gross and is cash flowing an estimated minimum of $11k per year? (Based on it having a mortgage).

Most Popular Reply

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8,374
Posts
4,377
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Colleen F.
  • Investor
  • Narragansett, RI
4,377
Votes |
8,374
Posts
Colleen F.
  • Investor
  • Narragansett, RI
Replied

Vacation rentals have turnovers every week, people can call you, you have to deal with furniture which has a short life sometimes in such rentals. There are 52 rental agreements a year, 52 different tenants, all on vacation. People shop for  vacation rentals so you need to respond regularly.  You need to give issues immediate attention, I was mad when the vacation rental dishwasher broke, there for a week and washing dishes all week....   My thought would be they don't want to deal with it anymore.  I don't want to discourage you but just to point out it is different then a monthly rental.

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