what is the market trend for vacation rentals?buying and renting to supplement mortgage?

Tomviss
Other/Just Looking
North Carolina

Answers (1)
Barbara Buchanan
Home Seller
22124
FIRST ANSWER

Long term rentals are a little bit over supplied, but it is possible to find good tenants. I've had rental properties there for 4 years now and have kept them mostly filled. Vacation properties are doing fairly well too -- try United Beach Vacations with Coldwell Banker for more information. Occupancy rates have been climbing as well as rental prices, year over year, as the Island has continued to improve itself in appearance, offerings of restaurants, and general overall atmosphere. Lots of future plans to upgrade Carolina Beach, so we expect continued rising. Now 3 bedrooms rent for $1100 - $1300 a month, long term. See United Beach Vacations for short term vacation rates on condos, etc.

Wed Apr 22 2009, 09:38

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