Good Morning yall, been traveling back and forth a few times to the beach, I had a issue with the management company that was "taking care of" my condo in PCB.. I had to fire them, and they pretty much went in a cleaned out all the linens and towels and made the palce un-rentable so I had to spend a bunch of money at sams club and buy and replace the door lock etc.. then find a local source for cleaning and light maintenance and join vrbo and get the lay of the land with them figuring out how to pay the sales taxes for the 3 separate entitties that stick their hand out wanting a piece of your money.. anyway, I think ive got my head above water now and pretty soon itll be back on cruise control..
Its funny how my friends that just dont know, think that since you own a condo that you can just let them go for free.. Ive owned and rented a condo at the beach in panama city beach since 2013 when my last parent died and insted of putting my inheritance into a mutual fund I decided to do this instead.. and I can tell you this,, without a mortgage payment you will clear around 10 to 20K a year but sometimes on slow years, its less, maybe twice ive lost a couple of thousand in very bad years.. thats without a mortgage, if you have a mortgage, it does NOT pay for itself, which is the question im most often asked.