Comments on: My Beach House: An Owner for Ten Years https://www.onefrugalgirl.com/my-beach-house-an-owner-for-ten-years/ Earn, Save, and Live Joyfully. Fri, 19 Mar 2021 06:08:34 +0000 hourly 1 https://wordpress.org/?v=6.8.5 By: One Frugal Girl https://www.onefrugalgirl.com/my-beach-house-an-owner-for-ten-years/comment-page-1/#comment-706474 Wed, 08 Jul 2015 16:10:04 +0000 http://www.onefrugalgirl.com/?p=7967#comment-706474 In reply to SPC.

We don’t spend much time dealing with our rental property. The rental management company does most of that for us. We bought our house at the height of the housing market so unfortunately the mortgage is quite large and we aren’t even close to covering mortgage costs with it.

On average we might earn $20,000 before expenses on the property for the entire year, but our mortgage is over $3500 a month. (We do have a 10 year mortgage on the property though :))

We have made a lot of upgrades to the property over the years. If you didn’t make a lot of changes I would estimate a few days of maintenance on a property.

If you have any other questions don’t hesitate to ask

]]> By: SPC https://www.onefrugalgirl.com/my-beach-house-an-owner-for-ten-years/comment-page-1/#comment-704961 Sun, 05 Jul 2015 14:40:47 +0000 http://www.onefrugalgirl.com/?p=7967#comment-704961 We just returned from our annual family beach trip. This trip always leaves us beach crazy, dreaming of buying our own place. Financially, I think we could make it work with effort. Reading your blog makes me afraid that if we don’t buy something we will look back in 10 years and wish we did! Seeing your list of expense items tells me I am not far off in regards to extra costs. I was wondering how much time you spend dealing with your property (daily, weekly, monthly). What percentage of the cost are you able to cover with rentals (25%, 50%, etc)? Do you really only go down 3 times a year for upgrades and repairs?

]]> By: One Frugal Girl https://www.onefrugalgirl.com/my-beach-house-an-owner-for-ten-years/comment-page-1/#comment-699145 Wed, 24 Jun 2015 15:38:46 +0000 http://www.onefrugalgirl.com/?p=7967#comment-699145 In reply to Brian.

Example Expense Categories:

Auto and Travel – to and from the house
Commission –
Insurance – Wind, Homeowners, Umbrella
Legal Services –
Landscaping –
Postage
Realty Company Related Expenses
Pool & Hot Tub Cleanings
House Cleanings
Property Taxes
Utilities – Cable, Electric, Gas, Phone, Water
Advertising
Maintenance
Repairs
Supplies – Kitchen, Pool, etc.

Feel free to email me or comment here with additional questions.

]]> By: Brian https://www.onefrugalgirl.com/my-beach-house-an-owner-for-ten-years/comment-page-1/#comment-698863 Tue, 23 Jun 2015 20:21:22 +0000 http://www.onefrugalgirl.com/?p=7967#comment-698863 In reply to One Frugal Girl.

Great job with your posts. We’re thinking about a Carolina beach vacation rental and I would love to see a list of estimated expenses as well. It’s easy to see what a mortgage will run you, but I know it’s all of the other stuff that can get you!

]]> By: One Frugal Girl https://www.onefrugalgirl.com/my-beach-house-an-owner-for-ten-years/comment-page-1/#comment-692381 Wed, 10 Jun 2015 21:36:06 +0000 http://www.onefrugalgirl.com/?p=7967#comment-692381 In reply to MommyPenguin.

I sent you an email directly. Let me know if you have any questions though.

]]> By: One Frugal Girl https://www.onefrugalgirl.com/my-beach-house-an-owner-for-ten-years/comment-page-1/#comment-692370 Wed, 10 Jun 2015 21:23:35 +0000 http://www.onefrugalgirl.com/?p=7967#comment-692370 In reply to Judy Freedman.

Thanks for your comment. I’m sorry for your loss. I always tell my husband our version of heaven would be the couch in the middle of our beach house. We often say “When the time comes I’ll meet you there.” It’s a very special place for us. I hope you make many memories at the beach. There is something magical about that salt air!

]]> By: MommyPenguin https://www.onefrugalgirl.com/my-beach-house-an-owner-for-ten-years/comment-page-1/#comment-691419 Tue, 09 Jun 2015 03:10:33 +0000 http://www.onefrugalgirl.com/?p=7967#comment-691419 Thank you for your posts. I came across these while searching for web opinion on owning a beach house in NC. Hubby and I are on the verge of making an offer on a beautiful oceanfront property (in Sanderling also in Duck) that we can technically afford, but may flatten our financial cushion slightly beyond my personal comfort zone. I appreciate your real world advice. We’re there any mortgage or financial calculators that helped you project actual cost other than mortgage? So far, I have property taxes, HOA fees, annual incidentals, insurance, utilities (electric, water, sewer, cable/internet, phone).

]]> By: Judy Freedman https://www.onefrugalgirl.com/my-beach-house-an-owner-for-ten-years/comment-page-1/#comment-687572 Wed, 03 Jun 2015 20:42:34 +0000 http://www.onefrugalgirl.com/?p=7967#comment-687572 I feel the same way about my condo on the corner at the Jersey shore. I bought it on my own right after my husband passed away. That was 7 years ago and I was very worried then that I could afford a second property. I so enjoy my time at the beach and yes, it too is underwater but I’m not worried now. I take each day as it comes and can’t wait for this summer to create new memories at the beach.

]]>