Rentable vs non rentable condos

[EconProf]

That’s a great article. Anyone considering buying into a complex that allows weekly rentals (or even buying a property next to one) should read it.

[SD Realtor]

I understand where you are coming from Josh. However like myself, what you buy to live in now, may become a rental for you some day in the future.

Certainly though the valuation of homes there in no way is detracted by the short term rental nature of that particular area because that is exactly what that area is suited for. As for living in that location year round, that is another story because being surrounded by zonies for 3 months out of the year is kind of tough.

[SD Realtor]

I understand where you are coming from Josh. However like myself, what you buy to live in now, may become a rental for you some day in the future.

Certainly though the valuation of homes there in no way is detracted by the short term rental nature of that particular area because that is exactly what that area is suited for. As for living in that location year round, that is another story because being surrounded by zonies for 3 months out of the year is kind of tough.

[SD Realtor]

I understand where you are coming from Josh. However like myself, what you buy to live in now, may become a rental for you some day in the future.

Certainly though the valuation of homes there in no way is detracted by the short term rental nature of that particular area because that is exactly what that area is suited for. As for living in that location year round, that is another story because being surrounded by zonies for 3 months out of the year is kind of tough.

[SD Realtor]

I understand where you are coming from Josh. However like myself, what you buy to live in now, may become a rental for you some day in the future.

Certainly though the valuation of homes there in no way is detracted by the short term rental nature of that particular area because that is exactly what that area is suited for. As for living in that location year round, that is another story because being surrounded by zonies for 3 months out of the year is kind of tough.

[SD Realtor]

I understand where you are coming from Josh. However like myself, what you buy to live in now, may become a rental for you some day in the future.

Certainly though the valuation of homes there in no way is detracted by the short term rental nature of that particular area because that is exactly what that area is suited for. As for living in that location year round, that is another story because being surrounded by zonies for 3 months out of the year is kind of tough.

[peterb]

I can attest to vacation renters being a pain and having vacancies up to half the season. But again, as an exit strategy, you should always consider what your market will think is valuable. At the beach, all the prospective buyers that I spoke with, and there were many, told me that they wanted to rent to zonies in the lucrative summer season to help “pay-off the property”.

As a side note: When I was younger, I bought my first couple of homes thinking that I was going to stay for a long time, etc…
The stats say the average time is 7 years in a home. I’ve learned there is wisdom in statistics and this is one of them.

[peterb]

I can attest to vacation renters being a pain and having vacancies up to half the season. But again, as an exit strategy, you should always consider what your market will think is valuable. At the beach, all the prospective buyers that I spoke with, and there were many, told me that they wanted to rent to zonies in the lucrative summer season to help “pay-off the property”.

As a side note: When I was younger, I bought my first couple of homes thinking that I was going to stay for a long time, etc…
The stats say the average time is 7 years in a home. I’ve learned there is wisdom in statistics and this is one of them.

[peterb]

I can attest to vacation renters being a pain and having vacancies up to half the season. But again, as an exit strategy, you should always consider what your market will think is valuable. At the beach, all the prospective buyers that I spoke with, and there were many, told me that they wanted to rent to zonies in the lucrative summer season to help “pay-off the property”.

As a side note: When I was younger, I bought my first couple of homes thinking that I was going to stay for a long time, etc…
The stats say the average time is 7 years in a home. I’ve learned there is wisdom in statistics and this is one of them.

[peterb]

I can attest to vacation renters being a pain and having vacancies up to half the season. But again, as an exit strategy, you should always consider what your market will think is valuable. At the beach, all the prospective buyers that I spoke with, and there were many, told me that they wanted to rent to zonies in the lucrative summer season to help “pay-off the property”.

As a side note: When I was younger, I bought my first couple of homes thinking that I was going to stay for a long time, etc…
The stats say the average time is 7 years in a home. I’ve learned there is wisdom in statistics and this is one of them.

[peterb]

I can attest to vacation renters being a pain and having vacancies up to half the season. But again, as an exit strategy, you should always consider what your market will think is valuable. At the beach, all the prospective buyers that I spoke with, and there were many, told me that they wanted to rent to zonies in the lucrative summer season to help “pay-off the property”.

As a side note: When I was younger, I bought my first couple of homes thinking that I was going to stay for a long time, etc…
The stats say the average time is 7 years in a home. I’ve learned there is wisdom in statistics and this is one of them.

[Author]

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