Hi Fellow BPs!
Im in the process of buying an investment/vacation rental home in Savannah. I live in Atlanta but work in Savannah and decided to get something here. Im focused in the midtown area of Savannah which is where i work. close to school and hospital so its in a nice convenient location.
What I found: I found a property, 4/2.5 but it comes with a pool. The pool is not too deep but i worry about maintenance long-term. Although it can get very hot and humid in Savannah, so i see it as a plus personally. My strategy is to rent each room out individually (Plan A) or AirBnB (Plan B) or rent the whole house out to a 1 individual or a family (Plan C).
Question 1: Have you had any experience in a place like Savannah, GA with schools/colleges/army bases...renting individual rooms? I like this because of more cash flow. Is this a good strategy long-term? What is your experience doing this with a property mgmt company or yourself??
Question 2: any experience with pool maintenance in a rental? Any advice...Do/Don't etc. Like liability insurance, adding it to lease agreement, requiring tenant to get coverage etc.
Question 3: Is a house with pool desirable in Savannah? will that help attract renter in general?
Thank you
