Looking ahead to 2023

Even before Labor Day, we are preparing for Summer of 2023!

Over the past 3 summers, there was high demand for rental properties; and the length of our season was extended.

This increased interest allowed property owners to bump up rates.  And while some long time renters complained, they continued with their leases because the shore was still their best option for a family vacation.

For 2023, I believe a more conservative approach is best.  School and sport camps are back to regular schedules (therefore creating a shorter season).   And travel opportunities are once again competing for vacation dollars.

A tenant understands a modest increase to cover the rising costs of utilities, cleaning, and improvements to the home.   Yet quality repeat tenants also want to feel appreciated!







This entry was posted in Life at the Shore, Seashore Real Estate. Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

Post a Comment

Your email is never published nor shared. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Tim Kerr Sothebys Logo