Quote:
Originally Posted by TheProfessor
One of my neighbors rented out lakefront home. Three bedroom home. Went though a local agency.
Only rent to one family was supposedly a requirement.
One day I counted 11 cars parked in driveway.
And if each car came with 2 people. That is 22 people at home. And if any children came. Potentially 30+ people.
Does not rent anymore. But in the years renting. They replaced the television - twice. Stove/oven, dishwasher, microwave, recliner, and more. One exterior door had to be replaced also.
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I'm sorry for your neighbor's bad experience. Renting sounds like easy money. Sounds like a management problem--the rental agreement should put a max on cars, guests, smoking, vaping, pets, age of renter, etc. Managing STR is a different game than long term leasing. I tried two different realtors to manage when I had a condo at the Weirs. Neither one made it past the first week, and I ended up doing it all myself. Being a landlord is a job, and you have to treat it as such.