View Single Post
Old 05-05-2011, 04:38 PM   #9
songkrai
Senior Member
 
Join Date: Dec 2009
Posts: 742
Thanks: 35
Thanked 149 Times in 101 Posts
Default

New home then renting it out?

Good Luck!

If you have never been a landlord then you had best read up on such. There are many rental companies in the lakes region that will handle such for a fee.

All it takes is one bad renter and your nice new place is destroyed. Will this place have a septic system. Because some will dump everything down the toilet.

My neighbor on lake rents his 10 year old lake house and rents in Summer. So far he has replaced the refrigerator, the dishwasher, the stove, the water heater, the television, the VCR/DVD player, and two toilets and the list goes on. Yes, he does get good rent per week. So it is a trade off. This house is a 3 bedroom house. I have counted on one day 11 cars in driveway. Potentially that is 22 people. And if any children that could be up to 30 people. How many use the toilet and how many times per day. Do the math. And they use one of the reputable rental agencies in town.

And I haven't even mentioned the loud music nor the fireworks at all times of the night. Pets? "My dog is different". OK.

Good Luck.
songkrai is offline   Reply With Quote