The owner of Sundancer, a three-bedroom villa in Fish Bay, says he treats his villa rental business like, well, a business. You have to pay attention and be willing to get your hands dirty.
Bob Faucett says he does that. From doing his own maintenance on the property to "outsourcing" marketing to his daughter, Faucett keeps his costs low to make a profit.
In the second part of our conversation, he talks about the costs of
owning a villa and, frankly, why if he had to do it today, he doesn’t
think it would work. With the cost of mortgage money, the chances of
breaking even by renting your new villa are slim and none. "Psychic
income", he suggested, is likely to be the best return.
To listen, click the "Play" button below.
If you own a villa, are building one … or are a dreamer … listen to this.
You can also download or hear the conversation by clicking here.