For 20 years we have dealt with space heaters (of various types) for heating the room in the cold OH winters, or just ceiling fans for cooling in the summer.

I live in the Carolina Forest section of Myrtle Beach and serve as an investor-friendly Realtor for the entire Grand Strand. 

Agreed - we may be looking back at this winter as a huge opportunity to scoop up before the market starts raging back up again

The ultimate goal would be to rent it out for short term stays or possibly as an event venue (in addition to being on farmland, it's surrounded by pine forest and waterfront).

I have properties with swimming pool and playground so I am well aware of the risk management side but a winter item like this is a new for me! 

My goal is to have at least 5 rentals in the next 5 years, with the first rental being a new build house hack in Florida so that I can escape the Michigan winters and the Florida summers.

And we do bigger trips during the winter.

WINTER IS COMING.

If you have a multi-family property, then you have to figure out how to make the tenants share the responsibility or you hire someone to handle it for them.You have to consider insulation, maintenance of weather stripping on doors and windows, servicing the boiler/furnace, winterizing sprinkler systems, disconnecting garden hoses from hose bibs, and much more.It's very risky to manage rentals from a distance.

We’re well into summer, but 7% mortgage rates and still-rising home prices have put a winter chill on transaction volumes.The national Buyer Activity sub-index dropped 8 points to 37 in July 2024, after having dropped 6 points to 45 in June 2024.