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Updated over 4 years ago, 04/13/2020

User Stats

27
Posts
6
Votes
Sandy Sciales
  • Rental Property Investor
  • Wilmington
6
Votes |
27
Posts

advice and suggestions- holding 2 properties without tenants

Sandy Sciales
  • Rental Property Investor
  • Wilmington
Posted

We have had a fully booked month in March and April until airbnb emailed our guests to let them know they could disregard our refund policy and cancel without penalty. Some of our guests would have rescheduled and we would have accommodated them gladly! However that is another thread for another time. 

For now, I am going to try to hold onto my properties but I ask for the advice of my fellow entrepreneurs for suggestions or help, THANKS in advance.

The house is fully furnished, 4 bed 3 bath on Amelia Island with a pool. 

Strategy: I am thinking of listing as a month to month rental until this blows over? any suggestions or ideas where/ how/ to market it this way? Any other suggestions?

Property # 2 ---a 3/2 in Wilmington, NC was a long term rental until we decided to put it for sale and asked our tenants to move out. THE very next day the Covid virus became a very big concern here in NC, we tried to back peddle but our tenants are already moving to another state. I have it listed on the MLS and had a meager 3 showings in week 1.

Strategy: put it out as a "rent to own" with a 5% down $239,000 asking 2 years to cash out. (on zillow?) Or put it back on the rental market and HOPE we have great tenants again.... UGH

I am a bit frightful I must say.

HELP 

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