supposedly long term rents are up at K this coming season!!

[Brownsville Brooklyn]

i dont know why or how but they are....no sales at all on k homes, condos etc since april 1....

 

[bobbutts]

http://blog.prestigekillington.com/2010/07/09/killington-real-estate-the-first-six-months-of-2010/

There has been very little activity in Killington real estate since April 1st.

.........


Killington Real Estate for the month of June was almost non existent. Only three condominiums sold during this period; two Pico units and one Fall Line.

 

[drjeff]

http://blog.prestigekillington.com/2010/07/09/killington-real-estate-the-first-six-months-of-2010/

Long term rentals as BBB was talking about, can often be quite different that actual sales

 

[Black Phantom]

Long term rentals are up because the State is seeking to cash in on room taxes for short term rentals- IE share houses. The State is currently attempting to retrieve these taxes retroactively. It is getting ugly up there.

LTR's are a vehicle for landlords to avoid these charges.

 

[bobbutts]

Long term rentals as BBB was talking about, can often be quite different that actual sales

no sales at all on k homes, condos etc since april 1

 

[drjeff]

BBB was referring to the longterm (seasonal) rental market, not the outright sales of properties in the greater K area. And very often those market can be quite different interms of how active (or inactive) they are.

I saw the same thing where my place at Mount Snow is last season (and likely will see the same thing again when the mid-year #'s come out in our owners report). The complex that I'm in, which has about 240 units, and it's own on-site rental/sales office, last year had only 2 outright sales - for reference back a few years ago when the realestate market was booming they were averaging between 20 and 30 sales per year, but last year also saw an increase of just over 75% from the previous year for "longterm" (more than 1 week) and shortterm(less than 1 week) rentals.

So it's very reasonable to have a situation where the longterm rental market is strong, but the sales market is anemic

 

[Groundskeeper Willie]

the KEYS words here....from IUP's "Mr Finance"

i dont know why or how but they are....no sales at all on k homes, condos etc since april 1....

..."I dont know why or how"....but to interject a a lil FACT....TWELVE condo's and single family homes have gone under contract in the past sixty days.......guess they failed to print that in the Northport daily paper...

 

[Black Phantom]

..."I dont know why or how"....but to interject a a lil FACT....TWELVE condo's and single family homes have gone under contract in the past sixty days.......guess they failed to print that in the Northport daily paper...

 

[Groundskeeper Willie]

certainly on topic...no doubt....

 

[Black Phantom]

certainly on topic...no doubt....

Spot on.

 

[Groundskeeper Willie]

...yup...lost on me.....just not that insightful...

 

[Geoff]

Meh... Nobody I know who runs a share house has seen their lease increase in a few years. As a landlord, it would be your worst nightmare in this economy to have a good tenant move out and have your place sit unrented. The only people I know who have signed a lease at Killington this summer got a really good deal. I would expect that little has changed in the Killington rental market. The best of the rental stock gets snapped up since there is so little of it. The electric heat, shag carpet, and harvest gold appliance nightmares remain tough to rent.

 

[Groundskeeper Willie]

Well...I'll be damned...

Long term rentals are up because the State is seeking to cash in on room taxes for short term rentals- IE share houses. The State is currently attempting to retrieve these taxes retroactively. It is getting ugly up there.

LTR's are a vehicle for landlords to avoid these charges.

of TWO listed rental properties?..got BOTH of them under contract...in the SAME DAY!..the Killington property?...had over a dozen inquiries in a 5 day period....and had to actually turn people away...opted for a less income producing month-to-month lease as opposed to a seasonal all $$ up front frat house scenario...still inking a lease for my other ski property...all in all?...MORE than pleased!

 

[Brownsville Brooklyn]

of TWO listed rental properties?..got BOTH of them under contract...in the SAME DAY!..the Killington property?...had over a dozen inquiries in a 5 day period....and had to actually turn people away...opted for a less income producing month-to-month lease as opposed to a seasonal all $$ up front frat house scenario...still inking a lease for my other ski property...all in all?...MORE than pleased!

i thought u were still a BDN?? u rent out the BDN property?? i think its lovely. if i had a lover id take that crib 4 the season in a second:flame::flame:

 

[Black Phantom]

of TWO listed rental properties?..got BOTH of them under contract...in the SAME DAY!..the Killington property?...had over a dozen inquiries in a 5 day period....and had to actually turn people away...opted for a less income producing month-to-month lease as opposed to a seasonal all $$ up front frat house scenario...still inking a lease for my other ski property...all in all?...MORE than pleased!

Did you turn people away or did they run away?

 

[Groundskeeper Willie]

Sorry you failed 6th grade reading...

"turned away" , troll boy....now get back to that McFryer

 

[Groundskeeper Willie]

Maybe......

you and your best bud BB will be seasonal renters.....certainly that would get the neighbors a wonderin'.....

 

[neil]

BB has a long term rental at the "the institution" of mental health.

 

[Black Phantom]

you and your best bud BB will be seasonal renters.....certainly that would get the neighbors a wonderin'.....

Speaking of wondering, are you going to be an ambASSdor this season?

 

[Groundskeeper Willie]

aside from BB....just HOW many of the fellas are you compiling dossiers on?...WREAKS of bromance....seriously...if you REALLY want naked pictures...(to add to your albums?)