Advice on renting a house I'm going to build in a ski area as a retirement home.
What's the chances that a house I'm planning to build in a ski area for around $350K could rent to skiers enough of the '08-'09 and '09-'10 ski seasons to pay some of its mortgage during that time. It'll be built by fall of 08, but I'm not planning to move in until fall of '10, Until then, my wife and I will be carrying two mortgages, and I'd like as much relief as I can get.
I am part owner of an A frame 3-2-1 in walking distance to the slopes at Angle FIre, NM. We would like to sell it. Pictures are on my web site at http://www.smoothmoveswithNOsurprises.com My numbers are there too!
Dolly Hingst
I am a partner in a 3-2-1 A frame close to the slopes at Angle Fire Send me your email address and I will forward some pictures of it.
I googled for property management firms that will professionally look after your property in the Angel Fire area and there are many so you might want to do the same.
When contacting some of these firms ask for referrals of other property owners who have a similar situation to yours and find out the good the bad and the ugly.
In any event you do need to find out what all the laws are relating to rentals even though the rental company should adhere to them. To that end you might want to check these links
LANDLORD TENANT ACT: http://jecclassroom.unm.edu/landlord_tenant/ pamphlet
Law: http://www.federalrealestate.net/laws/nmstatelaw.html
Best of luck
I would contact Susan Buchanan in Taos. http://www.Come2Taos.Com She should be able to assist you or point you in the right direction.
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Fair Housing and Equal Opportunity