Anyone own rental properties in Sag Harbor/Hamptons/Montauk?

[Karen Biggane]

I am looking to purchase a short term/vacation rental property in Eastern Long Island. I intitally was only looking into Hampton bays but there seems to be a cap on how much you can get for a summer rental (I was told 35k for the season). I would be open to going further east where properties are more expensive but the rental incoems seem to vary quite a bit. Does anyone currently have properties that they rent and could give insight into what I could REALISTICALLY expect to make for summer season? 

Thanks!