Investment Properties
Looking for a Shore Property That Can Also Work as an Investment?
You might want a place your family can enjoy and you can rent when you’re not using it. Or rental income may be a bigger part of the plan. Sometimes it’s a mix of both.
Matt can help you think through how the property will work for you personally and what the numbers look like, so both sides of the decision make sense.
Talk With Matt
Start With Your Plans
How Much Do You Want to Use It Yourself?
That’s an important question because the best rental property isn’t always the best vacation home — and vice versa.
Maybe you want a few prime summer weeks for your family. Maybe you’d like rental income to help cover some of the costs. Or maybe you’re looking mainly at the investment and don’t expect to use the property very much yourself.
Once Matt understands what you have in mind, he can help you focus on the locations and properties that are more likely to work for you.
Look at the Whole Picture
Rental Income Is Only One Part of the Math
A good rental history is certainly worth looking at. But so are the expenses that come with owning the property.
You’ll also want to know whether there are rental rules, how strong the season is for that location and what happens to the numbers when you block out weeks for yourself.
Location Matters
A Few Blocks Can Make a Big Difference
At the Shore, two similar homes can rent very differently.
Being closer to the beach, having enough parking, offering outdoor space or making it easy for guests to walk to restaurants and activities can all matter.
The layout matters too. So does how easy the property will be to maintain between renters.
Matt knows the local areas and can help you think about the things that may make one property easier to rent — and easier to own — than another.
Property Type
Condo, Duplex or Single-Family Home?
Each can work. They just work a little differently.
A condo is generally more affordable, and shared exterior maintenance can reduce what you’re responsible for. You’ll also have association fees and condo rules to understand.
Duplexes where both units are for sale can offer flexibility for rentals and family use, but they’re a rare find.
A single-family home can give you more privacy and space, but it may also require a larger investment upfront, which can affect the return you’re looking for.
There isn’t one “best” property type. It depends on how you want to use it and what you want the numbers to look like.
Your Place at the Shore
It Can Still Be a Vacation Home
If part of the reason you’re buying is because you want a place at the Shore, don’t lose sight of that.
Maybe being close to the beach matters more to you than squeezing out every possible rental week. Maybe you need enough room for the grandkids. Maybe you want a deck, a boat slip or a place you can eventually use more often yourself.
Those things belong in the decision too.
Matt can help you look at the investment side without forgetting that you may want to enjoy the place yourself.
Things Worth Looking At
You Don’t Have to Know What to Ask Yet
Matt can help you look at the details that may affect how well the property works for you — from rental history and owner use to rules, maintenance and access.
Already Own One?
Thinking About Selling an Investment Property?
If you’ve been renting your property, that history may be useful to the next owner.
Matt can help you figure out what information buyers are likely to want and make sure they understand how the property has been used and what it may offer them.
Talk With Matt About SellingLet’s Talk
Thinking About an Investment at the Shore?
You don’t need to have everything worked out before you call. Tell Matt what you’re thinking, how much you’d like to use the property yourself and what you hope the rental side will do for you. You can figure out the rest together.
