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Market Outlook
Enclosed you will find information regarding the state of real estate in the Wilmington,
and surrounding beaches area. You will find that Carolina Beach, and Kure Beach in
particular make two of the best beaches on the east coast for investors. You will also find
rental history for units similar to those you are interested in. Similar to a CMA when you are
selling a home, I will compare characteristics of, properties with established income, to give
you accurate estimates for potential rental income. This is invaluable information, you will
not find a more comprehensive source with other brokers. I will also cover typical expenses
involved with vacation rentals.
In Addition!
As a buyer client of Victory Real Estate, We GUARANTEE you that we will save you at
least $5000 on your purchase, or we will GIVE you $1000 at closing
FREE! As a Victory client, we will set up, and purchase for you a 1 year property listing
on the following national websites! www.vrbo.com, www.greatrentals.com,
www.usatoday.com , www.a1vacations.com, www.cyberrentals.com, and www.homeaway.com.
This alone is GUARANTEED to increase your rentals by 30% when managed by a property
manager. I’ll tell you why in a FREE report.
Victory Real Estate Exclusive!
Vacation Rental Marketing, and Management Super Reference.
Included in this FREE Report:
1. Now that I own it, how do I pay for it? What can I do to guarantee myself the maximum rent?
2. Pro Forma, or Investment Analysis using a sophisticated investment calculator.
3. What can renovations do for my income? Which renovations are best?
4. Okay sounds hard. How can I do this myself?
5. Is paint important?
6. Outfitting, and Decorating for your renter’s needs.
7. Plan ahead, and save $$ on taxes.
8. How to choose the right property manager.
9. How do I protect my unit from damage?
10. Potential Pit Falls with vacation rentals.
Thinking about renting it yourself? Practical Tips:
1. How do I choose the right tenants?
2. What do I do with this security deposit?
3. Who can help me to make it happen? Cleaning, repairs, etc.
Expenses:
After taking ownership, you may decide to rent your unit you may not. You also may choose
to have a property manager oversee the operations, or handle them yourself. If you choose to
employ a property manager, make sure you screen them well. Victory Beach Vacations is well
known for maintaining their units in excellent condition, while maximizing rent. While
managing your unit yourself could be a great idea, it’s important that you carefully consider
the tasks and time involved. If you choose a property manager on Carolina Beach, you will
typically pay around 10 – 30% of your rent earned for this service. Commissions are however,
always negotiable. Victory Beach Vacations has a flat rate of 22%. Although they may not be
the cheapest, they are well worth every penny. They have hundreds of testimonials from
happy owners, and have built an amazing reputation on the island. Another major cost
associated with vacation rentals are weekly cleanings. This cost will vary according to your
unit. Smaller units can be $40, and larger houses can be as high as $275 per rental.
Condominiums / Townhomes
If buying a condo, your job will typically be relatively easy. Most condo associations deal with
the hassle of everyday expenses and outside maintenance.
Typical monthly expenses not covered by HOA dues are.
1. Common area maint.
2. Outside Building maint.
3. Common Area Taxes
4. Wind and Fire Ins.
5. Flood Ins.
6. Management Fee
7. Pool, tennis, gym, etc maint.
8. Trash
9. Water
10. Basic Cable
11. Sewer
Monthly expenses typically covered by the owner. Approx. monthly cost.
1. Expanded Cable $35
2. High Speed Internet $40
3. Power Many Variables
4. Personal Property Insurance Varies according to coverage
5. Phone $35
Not all HOA’s have the same policies. Expense information is subject to change.
Houses / Duplexes
Buyer’s of houses and duplexes will have more to contend with, but with the help of Victory
Real Estate, we can make the process easy. We provide contacts, and numbers for all needed
services. These include repairs, utilities, etc. The help of a quality property manager will
ensure that these tasks are completed as expected every month.
Typical Expenses Associated with Houses / Duplexes Approx. Cost
Trash $20- $40 Depending on size
Phone $35
Expanded cable $75
High speed internet $40
Personal property insurance Varies according to coverage
Yard maint. $30
Flood Ins. $300 - $1000 a year
Wind and hail ins. $700 - $5000 a year
Sewer $20 - $100 a month
Water $20 - $100 a month
If your home is in a community, examples of expenses covered by the HOA dues would be.
1. Pool maint.
2. Common area maint.
3. Management Fee
Not all HOA’s have the same policies. Expense information is subject to change. |