Brought to you by Sean Lam Keller Williams:
I ran into a group of spring breakers in a local Dunkin Donuts yesterday. They hailed all the way from Rhodes Island. The shop was packed with college students, mostly from the snowbird states. My client owns a single family house and it's vacant most of the time. I suggested to him that he should rent it to these spring breakers rather than leave it vacant. The income he will make will reduce the pay off time by one third. People worry that these college kids will trash and incur damages on their properties. Actually, this is a stereotype. Lots of motel and hotel operators in South Florida welcome springbreakers and run specials for them. The key is to ensure that their parents guarantee the rental agreement and you collect a security deposit up front.
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