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General Landlording & Rental Properties

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Koby Lund Carter
  • Rental Property Investor
  • Fairbanks, AK
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Are tiny Home rentals a bad idea?

Koby Lund Carter
  • Rental Property Investor
  • Fairbanks, AK
Posted May 20 2019, 23:34

What's your guys' experience with renting tiny homes? They seem relatively easy to maintain, very efficient, and here in Alaska, I feel like a lot of people try to minimize their footprint and expenses so they can buy more toys. After some quick maths (but I have almost no experience in this), they look like they'd be ~$800/month to finance and maintain. One acre lots are going for as low as $15,000 and a quick google search says that the average cost to build a tiny home is $25,000-$35,000. One bed, one bath <1,000 square feet homes are renting for more than $1,000 a month.

What am I missing here? Tell me, why would this be a bad idea?

I guessed my monthly expenses with a $40,000 20% down loan at 3.65%, 30 years, $1,000 annual tax, $600 annual insurance.

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