Winnipesaukee Forum - View Single Post - Is this idea for owning a second home on Winnipesaukee crazy?

Flylady · 05-21-2017, 04:02 PM

All of the above is good advice. I bought my camp 12 years ago. Replaced the bathroom and did some landscaping work. I went into it with the intention of using it as a rental. I contracted with a local RE company to manage the rentals and place for each turnover. They took 20% of the rent for their services. I actually was able to book all of the rentals through HomeAway and blocked out the weeks that I would be there (2). I or the RE agency screened the renters and they inspected it each Saturday after the renters left before returning the security deposit. The rents covered my property taxes and insurance as well as helped offset the loan payments somewhat. If you find the right place go for it if the numbers work out. 3 years ago I retired so I no longer rent it. The 9 years I rented it made early retirement possible. Good luck!

05-21-2017, 04:02 PM	#11
Flylady Senior Member Join Date: Apr 2006 Location: So. California & Lakes Region Posts: 256 Thanks: 225 Thanked 106 Times in 61 Posts	Its not too Crazy All of the above is good advice. I bought my camp 12 years ago. Replaced the bathroom and did some landscaping work. I went into it with the intention of using it as a rental. I contracted with a local RE company to manage the rentals and place for each turnover. They took 20% of the rent for their services. I actually was able to book all of the rentals through HomeAway and blocked out the weeks that I would be there (2). I or the RE agency screened the renters and they inspected it each Saturday after the renters left before returning the security deposit. The rents covered my property taxes and insurance as well as helped offset the loan payments somewhat. If you find the right place go for it if the numbers work out. 3 years ago I retired so I no longer rent it. The 9 years I rented it made early retirement possible. Good luck!