Investment Properties

Ever wonder how much landlords make on those gorgeous beach house rentals lined up along the shore? Ever considered becoming one of those homeowners?

Investing in a rental property, particularly in a popular vacation destination, can be a great financial decision. A regular flow of income from renters (whether short-term or long-term) can help pad your pockets quite nicely, plus you can come and use your investment property yourself - whenever you'd like!

At the time of writing this blog, condominiums rentals have risen exponentially in the past year, particularly near the beach.

Atlantic Beach are up 200%

Pine Knoll Shores are up 100%

Morehead City are up 125%

Because of the COVID-19 pandemic, more and more people have settled into a "work-from-home" routine with their jobs. People are quickly realizing that "work-from-home" can actually mean "work-from-anywhere," so why not head to the beach for a few months?? More and more families are leaving highly-urbanized areas in favor of more coastal, rural towns like ours.

We expect the rate of rentals to continue to increase in the upcoming months, especially as the spring and summer months draw nearer. As a result, NOW is the best time to purchase your investment property so you'll have time to get through the sale, set up your rental how you'd like, and get it on the rental market in time for peak season.

If you're interested in learning more about investment properties, we would love to answer any questions. We can easily provide you with an approximate rental income range for a neighborhood or specific property, so give us a call at 252-515-0552!