Is it just getting posted more or are there more rentals that people are having major issues with this year - refrigerators not working, pool unusable, AC not working etc.If i rented an already grossly overpriced rental for the week & had major stuff going on that doesn't get resolved, I would be freaking out.Sorry, but a PM sort of shrugging it off & ignoring it would not be acceptable. And if they can't have enough staff to handle the problems, they shouldn't be taking on so many propertiesMost people work hard all year to enjoy a week off. It shouldn't be ruined by a bad Property Mgmt co.
LLC's
LLC'sI’m thinking ANY homeowner that has their cottage in any rental program anywhere runs it under the “protection” of an LLC?If one “runs” their rental, “wide open” (no LLC) the risk of renter “JimmyBob” falling off your porch after consuming a 30 pack, and then filing suit because the railing was “loose” is real. You might end up caring for JimmyBob the remainder of his life.
I will say that in our home when we come down for 2 weeks in the spring probably a good 1/2 of my vacation is repairing or lining up service calls for maintenance or repairs.
I will say that in our home when we come down for 2 weeks in the spring probably a good 1/2 of my vacation is repairing or lining up service calls for maintenance or repairs.I owned a vacation home in the mountains of Va. for 30 years. I say "vacation home" because my wife and I were the only ones that vacationed there. We spent a couple of weeks and 15-20 weekends a year there. Almost every... single... time we went up there, there was something to fix. It was non-stop.I can't begin to imagine the upkeep required of a house that is a) at the coast and b) occupied ??% of the year by people with "not my house don't care" attitude.
I will say that in our home when we come down for 2 weeks in the spring probably a good 1/2 of my vacation is repairing or lining up service calls for maintenance or repairs.I owned a vacation home in the mountains of Va. for 30 years. I say "vacation home" because my wife and I were the only ones that vacationed there. We spent a couple of weeks and 15-20 weekends a year there. Almost every... single... time we went up there, there was something to fix. It was non-stop.I can't begin to imagine the upkeep required of a house that is a) at the coast and b) occupied ??% of the year by people with "not my house don't care" attitude.It’s work but it’s worth the effort. We self manage and rent through. VRBO. We don’t accept every rental request and also reward repeat renters who follow the rules. It has taken a few years but it works out.
Social changed the game. Years ago, renters had no avenue to vent other than a call to the PM. Now its multiple FB groups, this board et al to vent and shame. No more broken fridges than in years past, just more visible to the masses. PE is creating equilibrium in the world purchasing everything that can be purchased - vacation homes, medical practices, storage facilities, etc. Having young finance bros running PE groups owning many homes to consolidate expenses has a cost. The lack of care is one of those costs. Renters can vote with their feet and move on the Cape Cod, DE, SC, or FL.
"they are not calling Manteo furniture and getting a service call in a day or two"Or a new unit delivered and installed the next day like our friends in Ocracoke. The renters called the PM who got it okayed and the new one was in the next day. They knew it would fit because it's what they already had from Manteo Furniture. "GE Electric Stacked Laundry Center with 3.8-cu ft Washer and 5.9-cu ft Dryer" (26.75" W)
"they are not calling Manteo furniture and getting a service call in a day or two"Or a new unit delivered and installed the next day like our friends in Ocracoke. The renters called the PM who got it okayed and the new one was in the next day. They knew it would fit because it's what they already had from Manteo Furniture. "GE Electric Stacked Laundry Center with 3.8-cu ft Washer and 5.9-cu ft Dryer" (26.75" W)EXACTLY.We had a refrigerator that had a front water/ice dispenser that would just rust under the dispenser. We refinished it every year for a few years and finally the wife got tired of looking at at and we bought a new stainless steel fridge from Manteo and when it was delivered they had already put notes that due to the width of the upper door into the house from the under stairs they would have to remove the doors and hinges to get it into the house. They had put the notes in for the service call from back in 2008 when that fridge had been delivered. I do not complain about the price when you get service like that.