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      01-13-2019, 12:13 PM   #4
Timdm3
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Drives: F10 m5
Join Date: Oct 2018
Location: Monmouth county NJ

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We have one in a beach community that provides roughly 15% roi. We make that in 11 weekly rentals during the peak season through vrbo and a few weekend rentals through the year. Rest of season is open for use for my family and friends.

While extra income and increasing equity are great, we still are aware and save for upkeep. House is 4 blocks from ocean 2 blocks from bay and gets hammered by salt air. Air conditioning handlers x 2 will need to be replaced at $5-7k each. Repairs from renters that are mostly good but they do beat up the house.

Overall great investment and would recommend it but it is not passive. There is definitely a labor aspect to keeping renters happy and house in good condition.
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