Rental Property Investor · Mebane, NC · Member since 2015 · 493 posts · 439 votes
Any thoughts on having a golf cart at an STR for guest to use?
Part of me thinks it will make my property stand out, decrease vacancy, and increase rent. The other part of me is worried about the liability of having drunk people on vacation driving a golf cart they don't own.
Maybe there's a middle ground. I could charge an additional fee to have access to it, and have them sign some sort of waiver indicating they accept all risk and won't sue me if they hurt themselves.
Developer · GA · Member since 2019 · 74 posts · 42 votes
3y
I partnered with a local company to provide a discount code to the guests should they chose to rent one. I didn’t want the overhead or the liability with providing one as part of the rental.
We had the same idea and executed on it. Have a rental in the mountains. We use the rental ourselves too. The community has great UTV trails, so bought a Mule (not that expensive and built like a tank) to enjoy the trails. Rent the house and allow people to rent the UTV separately ($200-$350/day depending on season). have a very strong liability disclaimer and contract form. Need proof of insurance, deposit etc. etc. In my case, the UTV can only be driven within a community so that helps. Also, it is a tax deduction. Insurance was inexpensive and it does add something different to the rental experience. Just my $0.02
Do you keep it in a garage? If you don't mind me asking, what's your ROI on it? It seems like they'd be able to pay for themselves very quickly.