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re: Gulf Shores/Orange Beach condos
Posted on 2/20/24 at 7:00 pm to SloaneRanger
Posted on 2/20/24 at 7:00 pm to SloaneRanger
20% is pretty standard. Even 25%.
You really get what you pay for. Don’t skip on prop management if they are truly handling everything and keeping the 5 star reviews going.
You really get what you pay for. Don’t skip on prop management if they are truly handling everything and keeping the 5 star reviews going.
Posted on 2/20/24 at 7:37 pm to Im4datigers
I’m hoping for a buyers market too. It just doesn’t seem feasible, or wise even if paying cash. Is there an influx of California buyers?
Posted on 2/20/24 at 8:34 pm to Im4datigers
quote:
20% is pretty standard. Even 25%.
Maybe in the area that ANC is talking about. But not in the areas where I’ve operated over the past 40 years… neither residential nor commercial.
On a mixed use commercial property, we’re currently paying the management company 8% of gross. And I’ve never paid (nor charged) more than 10% of gross rent.
Maybe on these beachfront condo rentals, that is more standard. Can’t say. Not a market I’ve ever played in.
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