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

Tomviss
Other/Just Looking
North Carolina

Answers (2)
Justin Donaton
Agent
28428

With regards to long term renals, I would also suggest renting unfurnished. A tenant at thi stage in their life should have some of their own furniture. I have seen properties that ahve been rented furnished...abused by tenants.

With regards to short terms rentals, you must be ocean front or a very close second row to rent consistently. Don't let anynoe tell you different.

If you plan to use the property some yourself, and rent other weeks, then you can get away with being a little further back (2-3 blocks).

If you need any assistance in buying or selling, please do not hesitate to contact me...and island local, and a hard worker!

Tue Nov 17 2009, 17:07
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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