08-24-2020, 08:14 PM
(08-24-2020, 07:47 PM)WRXtranceformed Wrote:(07-20-2020, 03:48 PM)Deceus Wrote: Eh, long story short: apparently I'm crazy but I've made up my mind. Definitely keeping the house for at least a year and definitely going to rent a 3 bedroom place in Charlotte at some point. Not sure what I was thinking trying to pull the trigger on a house so soon, probably "I'm never going to rent ever again" but that's 110% the smart move. Going to hold out on that as long as I can since it's not super clear when exactly anyone is going back to the offices at BoA. That'll give me 4-5 months to get a feel for the job without stressing living situation or move at all. It also gives me time to set things up here. Being six hours away is less than ideal but I'll hardly be the first person to ever manage an Airbnb that way. Most of those issues have solutions and it won't be that difficult to find a property manager either.
I get the feeling Massanutten isn't well regarded here but did some digging through some Airbnb data analytics. It matches what I've tracked and what I experienced renting the room out last year. Even with a 45% occupancy rate and an average house I'm likely to clear $50,000/year in revenue. That's definitely on the low end and I'll likely be looking at closer to $60,000. I already have to deal with the tax non-sense this year, might as well see if this business will scale. I have 2 whole weeks with nothing to do thanks to an unexpected severance so definitely have the time to cover all my bases and nail down all the expenses before committing to anything.
Haven't been on the forums in a while but just saw you're looking at moving to my neck of the woods in CLT. If you need some advice on what part of town to rent in and not to rent in, just shoot me a DM.
Yeah I definitely could use some advice. I lied: I'm selling my place here and putting an offer on a place down there as soon as I'm under contract. It's a bit of leap of faith but rates are stupid low, my job is pretty chill and secure. Even if it's not there's at least 1,000 other openings for me. Moving to the west coast isn't ever going to happen and I don't think I could stand the weather in Texas so with NoVa, Seattle and Austin ruled out: Charlotte is easily my best bet career-wise. It also happens to line up with all my other interests pretty well. Might as well drop the ole anchor for real this time.
Realtor is REALLY pushing me to stick to Fort Mill/Lake Wylie mainly for schools and taxes. I don't want to deal with a single point of failure in my commute (49) so that kinda narrows it down to just Fort Mill if I want to just listen to her (i don't). Market is super hot in Fort Mill and likely won't have the time to lose a bunch of bidding wars so even that's not super attractive but definitely on the radar. Looking at a place in Huntersville near Hopewell as my #1 choice house-wise. Location-wise I was thinking North Waxhaw/Marven/Weddington area. I don't mind the idea of riding the blue line for half my commute to zone out on podcasts/coding stuff, not sure it's going to be all that great in reality though. Would be nice to not have to buy a commuter vehicle just to avoid dragging the Ram into uptown everyday. But I'm 100% open to more input. Just kinda winging it based on schools and maps at this point. No idea what a real commute is going to look like once COVID actually settles down. Was originally looking around Concord but schools are so hit and miss out there from the looks of it.