Brad Christy

Knot,

I don't know, man. I've had showers under some really nice showerheads. Interestingly enough, back when dad was still with us, he had friends rave about one showerhead in specific. Don't really know what it is about it, but it was a thing. It's still in the house. Might have to keep an eye on it.

Thanks. Brad.

Brad Christy

AllDodge,

Thanks for the info. Nothing that doesn't seem like common sense, though.

My dad had a friend that had two houses on Norris. Both were co-owned with a business partner (both lived in the Dayton area); one was for personal use for both of them as a vacay home, the other was strictly investment. The investment house slept 28 I think (I know him, and we've talked, but I've never been there), commanded something like $5800/wk on peak, and netted ~$90K/yr. It was booked pretty much year-round.

Ours is a 5Br, 4B, has a 270° mostly unobstructed view of the lake from a deck that spans the rear width of the house, overlooking Burnside Marina, where I seem to be on an eternal waiting list for a slip. The house is 10-15min from Walmart and all the dining options you'd need (several closer), 5min from the marina, 7min from probably the best ramp on the lake (opinions vary), 20-25min from Conley Bottom, but you feel like your all alone on the deck. You have to work at seeing the neighbor on one side and can't see the other at all. We can comfortably sleep ten adults and can make accommodations for several kids if need be (sleeper sofa, a couple small rollaway beds and several inflatables). It's really hard for me to not see the investment potential, but the wife is on the fence, at best, about any real rental campaign efforts, for the above-mentioned reasons.

Thanks. Brad.

Griff

I would start by only renting it out to friends or friends of friends with recommendations about the potential renters

Hoodoo 2.0

I’d rent it out to the max with a stiff security deposit until it was paid off. Vacation somewhere else in the meantime. At retirement, update/renovate and move in.

Brad Christy

Griff,

We've done that a couple times. The wife feels funny taking money from friends, so they've learned to hand it to me.

We have discussed doing this very thing moving forward, at least for the time being. Maybe doing this will get her over the hump and ease her mind a bit.

I think you recently picked up at least your second unit on LOTO. Do you rent YOUR unit out, or keep one for your own and rent another out? Curious....

Thanks. Brad.

Brad Christy

Hoodoo,

Oh, I'm not gonna quit going to MY lake. We do vacay elsewhere when we actually "VACAY", but we still spend several weekends a year, year-round, and usually at least one week a year there, typically the week between Labor Day and the PokerRun. But I'd be game for renting it as much as possible any time we're not gonna be there, and just blocking out any time we want to use it.

Thanks. Brad.

97FASTech

I know I would like to get away for a week at a time to different places. I wonder how you would develope a trust factor with people. I'm ex-military and believe leaving things in better condition than before you got there, but don't know anyone here personelly. But not everyone has that mentallity. Zoom meetings? References? Hard one to figure out.

Griff

I don't rent out my my primary condo at all. We thought about it originally, but then decided it defeated the purpose of why we bought it. We use it a lot and leave too much personal stuff there and like the flexibility of being able to go whenever and leave whenever. I can literally can just get in the car and go without packing a thing. I usually pack a few things, but it's minimal.
The second condo is undergoing a total remodel, gutted to the drywall and more. Hoping to have it 95% done by mid May. It may get rented out some in the future. That will depend on how much it is getting used by my mom and the rest of the family. My mom wanted a place that she get away and still be able to take her dog with and she is the primary owner.

Griff

Before and now

ICDEDPPL

I like this idea, I`m willing to test it out for ya , no charge
My wife hates the launches..doesnt wanna go back .... while I tell her to grow a pair she doe have a point , they are scary steep, I thought LOTO had steep launches but Cumberland is crazy. I thought for sure my straps were going to give up and the boat was going to end up on the concrete