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Topic starter
I have been looking at the MLS in preparation for our PMV next week and I have noticed that many house's have apartments, cottages etc that are either part of the house or on the property. My question is - how is the rental market and how would a B & B go over. In reading the post and realizing how expensive it can be to live on the island - a source of potential income would be welcomed. Is it feasible? Thanks again for all the great post - the info is invaluable.
Posted : April 9, 2006 9:42 pm
A lot of folks rent out their cottages or apartments for additional income to help offset mortgage costs. It seems like a successful way to deal with real estate prices.
Posted : April 10, 2006 12:44 am
There are several B&B's on STX (and one Bed & Happy Hour). There is at least one B&B currently for sale and sometimes there are properties on the market that could easily be transformed into one.
Posted : April 10, 2006 5:23 pm
Topic starter
Thanks for the update. We are very interested in running what we will refer to as a 'ZZZ's and Sea's' . We will be bringing down our sailing catamaran and thought it might be fun to combine the two - since I would not be into running a full-time sailing charter I am hoping this will be the best of both worlds. Just hope there will be a market for it.
Posted : April 10, 2006 11:51 pm
Bed and Happy Hour?
RL
Posted : April 10, 2006 11:54 pm
Bed & Happy Hour is how I describe the offering at Villa Margarita. It's a privately run guest house with 3 suites (a studio, a 1-BDR, and a 2-BDR). Each suite has a kitchenette so you can make your own breakfast if you desire, but the owners host a happy hour each night for the guests. It's become a popular venue for staying during a PMV as the owners are very good about helping their guests learn what they need to about the island.
Posted : April 11, 2006 2:25 am