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Topic starter
Hello there again everyone. I feel like I am bombarding this board with messages. If so, I do apologize. You all have just been so great, that it seems to work better than any other avenue! (Thank you again!)
Beginning in the middle of June, I will be in charge of renting my parents new condo in Colony Cove. It is absolutely lovely. Two bedrooms, two baths, very decent sized kitchen and a combo living room and dining room (lots of space) with a 500 square foot patio/gallery.
It is fully furnished down to the last dish towel, linen and glass. There is literally nothing anyone would need except for their own clothing.
Although I mentioned it in another posting for a bit more money, after speaking with my parents today, they will be charging $2,150 per month, everything included except for the telephone. It will be move in ready with nothing to do except to unpack and settle in.
The lease they are hoping for would be prorated for the month of June, and then full months for July-October.
They only have a few restrictions, and some of them based on the rules of Colony Cove. They are:
1. No pets at all
2. Smoking is allowed, but only in the gallery which is enclosed so it would not be a problem even during the rainy times.
3. 1.5 moths' security.
4. Signed lease
5. Rent paid within five days of the due date (i.e. five days' grace period).
6. Short inspection by me one time per month, and access permitted with notice in the event of repairs or something else needing to be done.
They are seeking two mature adults who can have up to two children
or
3 mature adults, 2 using the master bedroom (w/ a/c and 1 using the guest room, about the same size and also with a/c)
If you or anyone you know would be interested in this option, please contact me at Affiliationllc@aol.com and I will get right back to you with pictures and to answer any questions you might have.
There is a lovely pool, and just past the pool is the gate to the beach, again, just beautiful.
Thank you all for your support in this matter. I am trying to support my folks in the best way I know how to do.
Warm regards as always,
Dan G.
PS: Security: The condo itself is very, very secure (or I wouldn't let my parents live there!, and at night has an every 20 minutes loggeed in security check of the condo.
Thanks again!
Posted : April 24, 2006 5:43 pm
Topic starter
I forgot to mention that everything is included in the monthly rent with the exception of the telephone. There would be no problem if you chose to arrange for telephone service, however that would be an agreement with the telephone company and not with us.
I also forgot to mention that this is within walking distance to restaurants and places to pick up a coctail, and that for home entertainment both basic cable and a DVD player will be provided.
Thank you again, and for pictures, other information, please just email me at Affiliationllc@aol.com
Thank you again,
Dan
Posted : April 24, 2006 6:03 pm
Topic starter
I forgot this unit will also be able to be rented in the winter months, I believe for November and December. The rentals will be shorter periods of time. Might work well for those relatives that visit.
I just had six weeks of relatives, so I have just gotten a taste of the 'perpetual' visitors I have heard about. Oy.
Thank you again, and please contact me at Affiliationllc@aol.com.
Best to all,
Dan
Posted : April 26, 2006 12:56 pm
Wow that's a bit pricey in my opinion. You can get 2 bedroom condos at Sapphire for less. And you don't have to agree to monthly searches. My neighbors rent a 2 bedroom 2 bath all newly update fully furnished with vaulted ceiling with skylights and its only $1200.
Posted : April 26, 2006 1:39 pm
monthly searches?
Posted : April 26, 2006 2:37 pm
Restriction Number 6 is monthly search or inspection.
Posted : April 26, 2006 3:08 pm
Stu,
You are a little confused. Colony Cove is a very nice property on St. Croix.
Posted : April 26, 2006 4:27 pm
Yeah I figured that out. I was just comparing it to prices here in nice beach condo complexes and assuming St Croix is still a bit cheper for rentals than St Thomas it just seemed pricey. But maybe its a high end granit countertop with jacuzzi tubs or something.
Posted : April 26, 2006 5:52 pm
Colony Cove isn't a high end property. However, with the refinery on this island lease rates are higher here for most rental properties as there is a high demand for the low inventory of available rentals. The range of monthly housing stipends the refinery and sub-contracting companies offer to their employers who relocate to STX is a large part of what sets the rental rates.
Posted : April 26, 2006 6:51 pm
Dan- You forgot to mention the recently installed high-speed internet access that is also available there. Up to speeds of 5Mbps! Try finding that amount of bandwidth at any other condo...
:-]
Posted : April 29, 2006 5:32 am
Ha! Jnrhome you ARE the computer guru !!
Posted : April 29, 2006 12:42 pm
Topic starter
Hello there everyone. Thanks for taking an interestest, and I did want to explain why there would be a clause for monthly checks with notice.....
I think that perhaps this is more of a stateside mentality. The current legislation is very much loaded for the tenant, not the lessor. If, for example, neighbors were complaining or noise, animals, etc., I would want to have a clearly agreed upon ability to enter. No more, no less.
As I had a rental house in Connecticut, one rented to two women, and found that the house ended up providing shelter for six people and that one of them was getting their general contractor's license, I ended up with a house with floors torn up, holes cut in walls, etc. It took me two months to gain access to the property via the marshall system in CT.
The long and the short, is that I made a mistake once. Oh, well. If I repeat the same mistake, then it would just be stupidity.
As far as the pricing, I went with what was suggested by a realor. A few folks have sent me links to check out a fair market value for the property, so I can adjust accordingly. It does seem high, but not by a great deal when doing a search of similar properties.
Thanks for asking some great questions and providing helpful observations. I am just trying to do the right thing by my parents.
If anyone has any further suggestions, by all means either drop a message or email me at Affiliationllc@aol.com.
Warm regards to you all,
Dan
Posted : April 29, 2006 1:13 pm
Topic starter
Hello there everyone! Thank you again for your feedback, emailing me with links.....as usual, a lot of support, even if it was telling me I needed to look again at the situation.
The thing about being able to look at a property (#6 I believe) I would like to ammend that just as an FYI "with notice and if warranted". I just don't want my parent's home to be destroyed or to have 10 people 'camping out' in there. Hey, it has happened.
If anyone can help me in locating a decent tenant or tenants, I (after following some good advice) am going to bring down the summer rental to $1925 per month, or an average of $481 per week. The winter rental I will explore further, and probably do a posting on a wonderful site someone pointed me to.
Thank you all again, I appreciate your support.
Warmly,
Dan
Posted : April 29, 2006 11:34 pm
