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Updated about 3 years ago on . Most recent reply
#2 All Forums Contributor
- Contractor/Investor/Consultant
- West Valley Phoenix
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At what point do you build/buy another?
#2 All Forums Contributor
- Contractor/Investor/Consultant
- West Valley Phoenix
One of my places gets all weekly bookings...I've already turned down 4 guests for next year, so that's about $3k lost. The way it's going I can see a lost income of $10k (or more) this coming year. I've thought about building a smallish (400 - 500 SF, 1BR/1BA) little house on the property. I figure I could get it done for about $40k, which I could make back in 2 years.
What would you do?
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#4 Short-Term & Vacation Rental Discussions Contributor
- Investor
- The worst town to live in, KS
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#4 Short-Term & Vacation Rental Discussions Contributor
- Investor
- The worst town to live in, KS
Originally posted by @Bruce Woodruff:
Originally posted by @Paul Sandhu:
When my wife and I look at each other and say "Wish we had another house" because I'm turning people away because everything is rented.
Yep. A neighbor/competitor called to send us a guest, but we were already booked up for all of May. Made us say exactly that.
There is your answer.