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Originally Posted by castlebreakfast
Thank you. If I may ask, how often does you and/or your family members use your weekly rental in Gilford? What led you to want to set your rental up – financial, emotional/family memories, etc.? Do you find it's been a good investment, and worth it for all the work involved?
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I have owned it since 2004 and almost always used it as a year round rental.
The only exceptions have been a 3 or 4 times when my daughter was in college and brought a large group of friends for a few days. The property also has a boathouse with an apartment over it so during the summer we use that. The rental house has always been used as a rental. I did it for investment purposes and now, because of appreciation and the rental income, it has proven to be a good investment. The problem with appreciation is, you know it is there, but you have to sell the property to get it.
It started out, 22 years ago, renting for a lot less but now with the increased interest since covid, the rent is quite a bit higher and it is mostly full all summer. Because it sleeps 10 the renters are usually families with children, sometimes two families who rent together. The only weeks that are difficult to fill are at the end of August when the kids are going back to school.