How to make more $$$ off Kure Beach Vacation Rental Ocean View homes
Kure Beach ocean view homes and rental income
Hey everybody, this is Jay the owner of ocean Inc. And currently I hang my
license at a big-box broker
and the website is wilmington-real-estate.com wilmington-real-estate.com and
today i’m going to discover a topic that
It’s been on my mind a lot the last few months, but it came up again
Today in detail and i’ll explain what this has to do with
Oceanfront properties second row properties and
Vacation rentals and property managers. Maybe I should say aka in
quotation marks
property managers and the huge
discrepancies in
income of the property managers or between property managers of, North Carolina
Beach homes and beach cottages and oceanfront
properties and
The owners who do it themselves, etc. So you have you have two
categories are three
property managers versus other property managers and
property managers against owners who’s getting the most money out of their
Rentals and why so I’m going to go over an example?
With you to help open your eyes to what a big deal. This is first of all, here’s Warmington real estate calm
It’s it’s pretty cutting edge. It shows the homes really well, and I’m going to go to a particular home
I’m going to blank out the address because I don’t want little one
shame any particular
manager or property
But it’s essentially a five bet three or four bath home on the second row in Kure Beach oceanfront
Ocean views. I’ve been in it a couple of times
in fact, I’ve had people that want to buy it, but because the rental income is low they’re afraid to
move forward with it
and with so many of the
Vacation rental investors that I work with it’s their first time doing this they have no confidence
they don’t know where to start and
they’re scared to death of making a mistake and I don’t blame them because for many of them that
extra $600 a month of cash flow is
Everything as to whether or not they can afford this home or not if they put 30% down
Will it pay for itself or where there’ll be some slight profit and then maybe eight your surround that actually move into the house
So they purchase these usually on pretty thin margins
Contrary to what stereotypes might be most of these people are barely able to afford these second homes
and they really need good rental income to do it and
They have to be careful and that’s where I come in
I’ve been helping people not make mistakes on their investment properties the last five years and
Regularly every month people are asking me Jay
Will you rent this property for me? Will you manage it for me?
Well, I’m just very busy as a single dad with seven kids and doing regular real estate and sales. I
just haven’t gone there yet, even though I’ve learned a tremendous amount about it and and other Realtors come to me for advice and
input
On these properties. So here you go. I’m going to use a VRBO listing as an example and
Show you two homes and that home is in VRBO. It’s down here
And right there I’m gonna I’m gonna cross out of this thing to in the video here it is
And more in detail. It’s right here
five bedroom three bath it grosses like
a
year now I have a