Resort Recommendations-urgent

[Bill Babler]

Phil Lilley has been delivering aluminum bass boats up on the Rock at times for weekly rentals. Don't know if he is doing that this year. You would have to call Lilleys.

I know he has delivered some to the Baxter area in the past. 

[Bushbeater]

Sorry to hear Oak Hill is closing. They are good people.

[dtrs5kprs]

This is a genuine problem. Everything at TR seems to be going to VRBO type deals, with fewer fishing resorts. 

It's one of the factors making me consider other lakes.

[snagged in outlet 3]

58 minutes ago, dtrs5kprs said:

This is a genuine problem. Everything at TR seems to be going to VRBO type deals, with fewer fishing resorts. 

It's one of the factors making me consider other lakes.

Corporate investors buying and renting too.   Black rock is the biggest I think.  

[dtrs5kprs]

19 minutes ago, snagged in outlet 3 said:

Corporate investors buying and renting too.   Black rock is the biggest I think.  

Yep. Plenty of individuals doing it too, but there are a bunch of big groups involved.

[Bill Babler]

The lady next door to us owns,  “Owns” 135 VRBO’s in the Branson area. 
An investor sight unseen just bought a neighbors house for 2.95 million for a VRBO. 

20 acres just down from our house, lake front, lake view just sold last week for  2.1 million.  Horrible access and logistics going to build from what they are saying 40 VRBO’s. 
Times have changed

[snagged in outlet 3]

A friend at work has a brother who owns just under 100 rental unit's right now with a goal to get 150 so he can retire.   He's 38 years old.  

[Bill Babler]

She has some that rent for over $15,000.00 a week. Most are already booked for the entire Summer season if 2022.                                             
It totally amazes me the money that is out there. 
A good client rented one on Indian Pt. Year before last, a 7 bedroom an his stay was 20 grand. He thought it was really reasonable. 
Our son is an engineer and travels a lot for work. His budget is $500.00 per day for food lodging. If he entertains clients it has no cap. 
when I was on the state patrol our budget was $25.00 for meals. 35 cents a mile and $35.00 a night for lodging. That was 1985. 

[Quillback]

There were times in my life where I thought about buying rental property, but have heard so many stories of bad renters that I decided it just wasn't worth the hassle and my job kept me so busy I didn't want to mess with it.  No regrets, but in hindsight, could've made some dough.

Just talked to an old friend of mine that owns a 10 unit bldg with a couple of small retail shops on the ground floor.  Nothing fancy, but he thinks he could get $3 million for it, paid a little over a $1 million for it a few years ago.  It is in Snoqualmie WA, which is about 3o miles from downtown Seattle.   Property values have exploded out there.  

[snagged in outlet 3]

2 hours ago, Quillback said:

There were times in my life where I thought about buying rental property, but have heard so many stories of bad renters that I decided it just wasn't worth the hassle and my job kept me so busy I didn't want to mess with it.  No regrets, but in hindsight, could've made some dough.

Just talked to an old friend of mine that owns a 10 unit bldg with a couple of small retail shops on the ground floor.  Nothing fancy, but he thinks he could get $3 million for it, paid a little over a $1 million for it a few years ago.  It is in Snoqualmie WA, which is about 3o miles from downtown Seattle.   Property values have exploded out there.  

Lots of the "young" (30-40 year olds) guys at work have rental properties.  Both yearly and vacation.   They are doing quite well with them.