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Updated almost 10 years ago on . Most recent reply
Weekly rental, why sell?
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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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.