All Forum Posts by: Scott Sutcliffe

Thanks everyone for great advice for this novice! Things are moving along, the master deed for the property does allow leasing for any period of time, however my lawyer has advised me to talk to the condo association management to confirm. I'm getting their contact information now. I am planning to rent in the off season as well and I'm also looking into property managers in the area to manage the changeover, cleaning and handyman services. I live about 75 minutes away and probably will get tired of driving back and forth each week. I feel a local, reputable management group that is local will be able to provide much better service to my guests.

Thanks again, and I'm sure I'll have additional questions as my new adventure unfolds.

Hello!

I have an accepted offer on a 2/2, fully furnished townhouse style condo on Cape Cod (my first besides my primary house) and expect to close in November. I am also getting married (second time) in June 2015! Being in my early 50s and having saved using only a standard 401k, I have always realized that it will not be enough for a reasonable, normal retirement. So, my fiancee and I are taking the plunge with this condo which we plan to rent out by the week as a vacation home.

We are planning to provide an upscale vacation rental experience for our guests and hopefully build a regular clientel over the next few years. Once this is established and we have built up another downpayment, we hope to continue investing in buy and hold properties.

Any sage advice for newbies? Thanks for reading,

-Scott Sutcliffe