One of the first properties that I ever rented as a real estate agent was a 6 living room cabin.
The locale on the lake had close to 4,000 square feet.
It was much greater than any other property in the area. The building was erected by 1 of the local dentists. Doctor passed away as well as left the property to 1 of her sons. The girl uses the property as a rental. When I picked up the property, I saw a lot of potential. The owners wanted a certain amount of money for a weekly stay. I tried to tell them that they were asking too much. They did not assume I had the knowledge to make that call. The cabin sat vacant for a long time. No 1 wanted to rent the cabin until the owner finally took our advice as well as made some changes. The cabin did not have central heat or AC. I commanded ductless heating as well as cooling options. The cabin did not have any beds in the extra rooms. I felt that was substantial as well. The only people trying to rent a 6-living room cabin would be a family. The family would want beds for the children. I also commanded a few outdoor amenities that I thought I might catch the eye of families. We added a volleyball net, horseshoe pit, plus a small sizzling tub. We had a rental sale for the next more than 2 months, as well as the people I was with and I gave the property at half price. After people saw the heating as well as cooling options, sizzling tub, as well as updated amenities, a lot of people were interested in making reservations.