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Updated over 7 years ago, 05/21/2017

User Stats

18
Posts
20
Votes
Kerry Grimshaw
  • Investor
  • Plainfield, CT
20
Votes |
18
Posts

Gilbert az father passed and wondering about vacation rental

Kerry Grimshaw
  • Investor
  • Plainfield, CT
Posted

 Hi my father recently passed away. He has a three bedroom two bath home 1800 ft.² in Gilbert Arizona. It is in good condition. My family and I are interested in keeping the home and using it from time to time it is still has a mortgage.we are trying to decide between a long-term rental and a short-term vacation rental. We currently have 16 long-term rentals but have no experience with short term. My brother lives close and would be able to manage the property but we're on sure of the market conditions in this area. What would we expect what months are slow? how to begin formulating a budget. drawback from this home is that it does not have a pool. It does however have a beautiful patio covered/door living room that is brand-new. And a really nice backyard space

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