Hello! We are seriously considering buying a small house (3 bed/2 bath) in Avon. We spend about 2-3 weeks a year on Hatteras, but only in the shoulder and off seasons. We would probably spend more if we owned. So, we would be looking to rent during the high season and into the shoulder seasons (May, September and October), with a few weeks we would keep for ourselves in May and October.
My biggest concerns are probably the typical ones:
(1) Can we make enough in rental income to significantly offset the price of the house and the repairs/maintenance we know we’ll have to cover;
(2) Are prices inflated after COVID? Will they come down in a few years?; and
(3) With a good rental management company, how tough is it being an Owner for a short-term rental? Is it mostly hands-free, as long as you pay your management fee?
Any input, guidance, warnings, encouragement is welcome!
And, if anyone knows a good realtor for the area, I would appreciate the referral!