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Updated almost 9 years ago on . Most recent reply

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Kevin May
  • Wilmington, NC
0
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New member in Wilmington NC

Kevin May
  • Wilmington, NC
Posted
New member here in Wilmington North Carolina. I currently have a long term rental and I am in the process of a BRRRR (or a modified BRRRR as I lived in the home during renovation). I am looking for networking groups in the area if anyone is interested. I hope to have a few more long term rentals and start working flips. Thanks Kevin Wilmington, NC

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46
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Rachel De Faut
  • Residential Real Estate Broker
  • Wilmington, NC
18
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46
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Rachel De Faut
  • Residential Real Estate Broker
  • Wilmington, NC
Replied

Hi Donna,. I have several short term rentals in downtown Wilmington.  There are many visitors who prefer the Historic District and the walking attractions of downtown.  The beaches are a short drive away, like 15 and 20 minutrs, but the diversity of activities is greater in town: restaurants, clubs, events.   Currently week long rentals are legal.  We have some very vocal and political Historic District residents who want to make month long rentals the law.  Ridiculous for such a strong tourist town.  I doubt the week long rule will change in most of Wilmington and the rest of New Hanover Co.  We will see how influence Residents of Old Wilmington can exert in the HD.  Prices are lower downtown and rentals stay booked for tourists, weddings, events (film festivals, conventions, sports).  I also do monthlies for relocaters and corporate renters in the off seasons.  I'd be happy to talk...I have a lot to say on the subject!  Lol

  • Rachel De Faut
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