When we leave in the spring, we pay a $110 cleaning fee and the property management company takes care of everything - cleaning, finding guests, cleaning, replenishment, maintenance, and they have a warehouse full of furniture when they need to replace everything.
True they take 48% of the proceeds + 4% escrow to handle major repairs. But I don’t have to deal with anything.
It’s in Florida so of course it’s cyclical. But since we stay there during low season, it covers its own expenses the other half.
This is investment advice. This is not an investment idea. This was a lifestyle choice to give us a place to stay during the winter.
But I would rather get two anal probes than be a traditional landlord again.
https://news.ycombinator.com/item?id=34821620
When we leave in the spring, we pay a $110 cleaning fee and the property management company takes care of everything - cleaning, finding guests, cleaning, replenishment, maintenance, and they have a warehouse full of furniture when they need to replace everything.
True they take 48% of the proceeds + 4% escrow to handle major repairs. But I don’t have to deal with anything.
It’s in Florida so of course it’s cyclical. But since we stay there during low season, it covers its own expenses the other half.
This is investment advice. This is not an investment idea. This was a lifestyle choice to give us a place to stay during the winter.
But I would rather get two anal probes than be a traditional landlord again.