Short Term Rentals

[Descant]

Originally Posted by tis

I almost think it's safe to say these groups of 10-20 or more people don't do any house much good. I would never want that many people in my house-any size, any age!

I'm not sure these renters are intentionally a problem. They rent and then send out a FB notice, come see us, and people show up.

[TheProfessor]

Originally Posted by Descant

I'm not sure these renters are intentionally a problem. They rent and then send out a FB notice, come see us, and people show up.

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.

[Descant]

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.

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.

[Biggd]

Originally Posted by Descant

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.

"being a landlord is a job" absolutely, and one that not everyone is up too. I did it for many years, it was profitable but stressful. I now have commercial property, much less stressful.