Question for havasu renters

[JLG614]

If you are renting a house in havasu for the weekend would you pay more for indoor boat parking? so if a regular home is $200 a night would you pay $250 a night to park your boat in the garage? We are looking at buying a havasu rental home and just curious if its worth paying more for a home with an RV/boat garage

 

[Bpracing1127]

If you are renting a house in havasu for the weekend would you pay more for indoor boat parking? so if a regular home is $200 a night would you pay $250 a night to park your boat in the garage? We are looking at buying a havasu rental home and just curious if its worth paying more for a home with an RV/boat garage

I rent for the weekend semi frequently. Becasue I am usually out and about during the day. The house is just a place to crash. I do look to make sure there is trailer parking, either for my boat or sxs. I am looking for the best deal usually and end up around 100-135 a night places. 200 a night is too much and not worth it IMO. I don’t care if it has a pool or a view because I am in the desert or on the lake.

 

[RiverDave]

If you are renting a house in havasu for the weekend would you pay more for indoor boat parking? so if a regular home is $200 a night would you pay $250 a night to park your boat in the garage? We are looking at buying a havasu rental home and just curious if its worth paying more for a home with an RV/boat garage

First the answer is yes to the question..

Second, have you called my wife regarding this Havasu house your buying Josh? Lol

928-706-4200

 

[FreeBird236]

I think you're going to find both types of people, for me it's definitely yes, because I like my stuff protected.
I also think as an investment it's the way to go.

 

[CLdrinker]

Are people really paying $250 a night?

I may need to look into purchasing a rental.

 

[FreeBird236]

Are people really paying $250 a night?

I may need to look into purchasing a rental.

For a dump.

 

[LargeOrangeFont]

Are people really paying $250 a night?

I may need to look into purchasing a rental.

Yes. But an entry level rental home is around $300k at the bare minimum right now. That would not rent for $250 very often.

 

[EPL]

Are people really paying $250 a night?

I may need to look into purchasing a rental.

Depending on the house yes !

 

[LargeOrangeFont]

For a dump.

There are members here that rent for less than that and have nice, clean homes.

 

[jones performance]

Are people really paying $250 a night?

I may need to look into purchasing a rental.

some are... the covid lockdowns drove up prices and the friends i know that do airbnb stuff have been fully booked all year because of it.

 

[Bpracing1127]

I average between 100-135 on non holiday weekends. Holidays I end up around 150-175 a night. I’ll never pay 200 a night.

 

[RiverDave]

I average between 100-135 on non holiday weekends. Holidays I end up around 150-175 a night. I’ll never pay 200 a night.

I got buddies renting their houses for 500 a night for pretty avg (IMO) houses and they are booked solid.

 

[Bpracing1127]

I got buddies renting their houses for 500 a night for pretty avg (IMO) houses and they are booked solid.

Not saying they are not getting rented. But if they are paying 500 for an average house they are wasting money.

btw what is an average house to you?

 

[CLdrinker]

I got buddies renting their houses for 500 a night for pretty avg (IMO) houses and they are booked solid.

What’s an average house cost for $500 night? 600k?

 

[CLdrinker]

I’m thinking 400k house at $250 rent it out 8 nights per month and you covered the mortgage.

To easy what’s the catch?

 

[Havasu blue label]

The average night in the south side golf course area is 350 per night up to two boats 8 person big weekends 500 per night

 

[Havasu blue label]

Don’t forget to put partime renters ins

 

[Havasu blue label]

Show me the 400 teardown in Havasu

 

[evantwheeler]

I’m thinking 400k house at $250 rent it out 8 nights per month and you covered the mortgage.

To easy what’s the catch?

Its work to fill the rentals, coordinate the cleanings, deal with damage, communicate with assholes, etc.

 

[ltbaney1]

i dont have a dog in the fight because i have never rented in Havasu. but to me parking the boat in the garage is not something i would pay extra for.

 

[bonesfab]

I would make the garage off limits. A few less things to worry about fixing.

 

[LHC Kirby]

I would absolutely pay extra for it, but...... it’s not just the garage, it would have to have single story, not a steep driveway, not a busy street, pool. View would be nice too

But I own in Havasu so sorry, I’m out

 

[was thatguy]

Are people really paying $250 a night?

I may need to look into purchasing a rental.

Sky was the limit earlier this year.
$250 was nothing.

I’ll tell you this, as a long term renter that lives next to an Air BnB.
If you buy and make it a dedicated Air BnB be prepared to have the neighbors want to skin you alive. Be prepared to have multiple complaints to the police about your house.
UNLESS you seriously screen renters and enforce house rules.

 

[DanG]

When I was renting, I would not have wanted to pay extra for secured parking.

That being said, for investment purposes, I would say get the RV/Boat deep garage if it's in the budget. If plans ever change and you decide to sell it or even move into it, you will be happy you did.

As Bones stated, I would make the garage off limits, or possibly rent that space to a long term boat storage client. The owners of the house we used to rent kept their toys in the garage and it was off limits to renters. Worked well for us and never had an issue not having access to their garage as we spend our time on the lake.

 

[was thatguy]

I got buddies renting their houses for 500 a night for pretty avg (IMO) houses and they are booked solid.

Yep
They have 2-3 couples split it up and it’s less per person than a hotel.

 

[JLG614]

Thank you for all the responses!

 

[Jay Dub]

If you are renting a house in havasu for the weekend would you pay more for indoor boat parking? so if a regular home is $200 a night would you pay $250 a night to park your boat in the garage? We are looking at buying a havasu rental home and just curious if its worth paying more for a home with an RV/boat garage

Other than quick weekend trips, we only rent houses where the boat fits into the garage.

 

[PlanB]

I got buddies renting their houses for 500 a night for pretty avg (IMO) houses and they are booked solid.

I was going to say, we were getting $175.00 a night for regular weekends and $300.00 a night on holidays (3 night minimums) 20 years ago. We don't rent at all anymore, but I would not deal with the hassle or renting for less than a couple hundred of bucks a night with a 3 night minimum.

 

[LargeOrangeFont]

I’m thinking 400k house at $250 rent it out 8 nights per month and you covered the mortgage.

To easy what’s the catch?

That is renting it 3 weekends a month. You still have insurance, taxes, utilities, maintenance and repairs. You also aren’t factoring in rental fees unless you are gonna manage bookings yourself.

If you are doing it to just cover some of the costs of your vacation home, that is one thing. If you are doing it to make money, breaking even is loosing money. I don’t know that I would bother with the current Havasu prices, unless you have cash and are just parking your money, or there is other ways to add value to you - writing off costs associated with your trips to Havasu, etc.

 

[PlanB]

That is renting it 3 weekends a month. You still have insurance, taxes, utilities, maintenance and repairs. You also aren’t factoring in rental fees unless you are gonna manage bookings yourself.

If you are doing it to just cover some of the costs of your vacation home, that is one thing. If you are doing it to make money, breaking even is loosing money. I don’t know that I would bother with the current Havasu prices, unless you have cash and are just parking your money, or there is other ways to add value to you - writing off costs associated with your trips to Havasu, etc.

It will be interesting to see what happens in the future, because there are certainly people that are running vacation rentals out there as 100% rentals. The house across from us recently sold for 700K, and the buyer bought it and has a place in Maui that they are running as a business. When things eventually slow down, we will see who can hang on.

 

[LargeOrangeFont]

It will be interesting to see what happens in the future, because there are certainly people that are running vacation rentals out there as 100% rentals. The house across from us recently sold for 700K, and the buyer bought it and has a place in Maui that they are running as a business. When things eventually slow down, we will see who can hang on.

I’ve kept thinking of doing the same.. buying something as a 100% short term rental but at a cheaper budget. I keep getting cold feet and just don’t have a good feeling about the future uncertainty. Had I pulled the trigger 3-4 years ago I’d have enough equity built in I probably wouldn’t care.

I wish I would have had the balls to just liquify everything and buy 6-8 properties 7-8 years ago.. I probably wouldn’t even need to work today lol.

 

[sintax]

It will be interesting to see what happens in the future, because there are certainly people that are running vacation rentals out there as 100% rentals. The house across from us recently sold for 700K, and the buyer bought it and has a place in Maui that they are running as a business. When things eventually slow down, we will see who can hang on.

Thats whats tripping me out, Kelco just built a house across the street from us, it just sold for 630k. Its a nice house and all but man, it would scare me to be getting into the market at that price. I saw what happened in 2010...

 

[Havasu blue label]

No comment be careful it’s a resort city

 

[HPBoats83]

I rent out there when I can find a house. Yes, I’d pay a little more for indoor boat parking.


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[River918]

We only rent houses that have garages large enough to fit the boat (don't want to take it back to storage every night, or leave it outside). Yes, the houses do generally cost a little more than the one's without inside boat parking, but it's worth it to us. Besides the peace of mind having it inside, we like to wipe the boat down and clean it out at the end of the day inside the garage instead of the boat ramp.

 

[just_floatin]

I rent my place out in the summer (two customers) in a gated community for one week stays to comply with the CCNR / HOA regulations. The 45’ RV garage is an extra 200 dollars per week for their boats. My advice, purchase the home with the RV garage and charge extra. RV garages also have better resale IMO. Good luck with your endeavors.

 

[Mike K]

No question about “with“ a RV garage ... not so much a question about will that renter give you another $50 a night ... the real question is “ will my house go up in value faster and higher with a RV garage ... that answer is a huge yes. ... answer this ... have you seen any new homes built in the past 5 to 10 years “without” an RV garage?

 

[LargeOrangeFont]

Thats whats tripping me out, Kelco just built a house across the street from us, it just sold for 630k. Its a nice house and all but man, it would scare me to be getting into the market at that price. I saw what happened in 2010...

Food for thought.. you saw what happened in 2010 and look where it is now in 2020. By 2030 we will be wishing for 2020 prices.

 

[hallett21]

We keep our garage sealed off from renters. I’d say the garage would be worth and extra $50-75 per night.

We rent our 3/3 no pool for $325 3 night minimum. $4-500 on holiday weekends.

We went as high as $600 during the Covid summer rush.


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[RiverDave]

What’s an average house cost for $500 night? 600k?

yep.. maybe a little more..

But kinda standard 3/2 with a pool

 

[sintax]

Food for thought.. you saw what happened in 2010 and look where it is now in 2020. By 2030 we will be wishing for 2020 prices.

possible, but I’d rather bide my time and wait for the next 2009-2010 and swoop up some duplex / triplex units. We ended up rolling in a SoCal rental into our havasu rental, so it was a straight across deal about 3 years ago.