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by roel_v
4490 days ago
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What? How can that be what you take away from my post? I don't know what geographic area you know about and if 6 months to a year are anything but exceptions there, but my whole point was that short term (< 1 year) rentals don't make financial sense, unless you put a big premium on it. The premium would be 100% or so (as I said, for others, who can be bothered, which I can't), whereas the discount for >5 years is 0, or 5% at best. Nobody trashed any of my properties, and the disputes I had were settled in my favor by the courts. I'm a lawyer, I can take care of myself. My point wasn't about me - it was about illustrating that short term rentals don't make financial sense at the rates people expect, and that most prospective tenants don't see that. Everybody thinks that real estate is easy money, but it's very competitive, the margins are slim and one decision on who to rent to can make or break your ROI for that year. |
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