Originally Posted by ICDEDPPL (Post 4885773)

I had an offer to rent for a few months at $1500/month (I`m asking $2000)
I`m not sure a multi month renter is worth it .. who knows what the place might look like in a 4 months vs. short term rental and regular cleanings.

Originally Posted by ICDEDPPL (Post 4891034)

Another special assesment coming ... this time not for the roof but insurance.
Last year it was $89k for insurance .
This year $416k

What in the actual F

Originally Posted by ICDEDPPL (Post 4891255)

Griff was right , one special assesment after another sinice I bought this place. I get bent over , no lube.

Originally Posted by bajaholic (Post 4884010)

One has to look at the HOA annual minutes and accts prior to purchasing. It is call due diligence. There are MANY associations that are ran well, and unfortunately a number that are not.

I would like to see what your friend really had to deal with, my guess being called new was subjective rather than actual. Granted bad lumber will rot faster, If they didn't maintain anything that too will always lead to issues at a faster pace. but it still would take a number of years before it is an issue.

Now all that being said.... There was a complex that had REAL legal issues due to decks being under engineered and it took a number of law suits to get those resolved but EVERYONE knew about it if they did just a single google search.

Again..... Make sure you look at the HOA history (I always recommend at least last 3 years) prior to purchasing, and then once you own there show up for the meetings at the VERY least the annual meeting when all the big items are voted on and there will not be any surprises.

Originally Posted by ICDEDPPL (Post 4891833)

More fun news.
Guests can`t use the slip, only owners are allowed on the docks.
.

Originally Posted by ICDEDPPL (Post 4891833)

More fun news.
Guests can`t use the slip, only owners are allowed on the docks.
I have friends that rent in the complex and they say only one or 2 people/year ask about a slip . I thought it would be much higher . Owners at the ledges are always renting slips .. maybe it`s the location.
Hopefully there isnt some Karen around that has nothing better to do but watch who comes and goes because I don`t plan on following that rule. My friends that will use it have boats ..
maybe a house would have been a better choice but at my budget it would be a dump and Ive rehabbed too many , I`m over that, plus doing outside maintenance when I visit is not something I want to do .
My dad had a place up in the UP and he spent most of the weekend working on the place rather than enjoying it.

Originally Posted by bajaholic (Post 4891856)

Quick question? Did you get a copy of the Covenants and Restrictions, Condo rules before or after you closed? If so, read through them. The rental restrictions would be addressed. If it isn't in there, it doesn't exist. My guess, the restriction you are mentioning may be because a 3rd party user may have been out of line and causing issues. Thus a single implemented rule (Which is more presentation than enforcement)

Just remember: YOU are responsible to the owners, not a renter. What ever they do, can and will effect your ownership. aka: Vet your renters!!!!

Originally Posted by ICDEDPPL (Post 4891980)

I read and re read all the rules before and after closing , I would have noticed that rule .. I`ll check again.

Originally Posted by F-2 Speedy (Post 4891983)

guess I cant park in your slip.......silly stupid rules

Originally Posted by bajaholic (Post 4880267)

That is an not true.... First, we still have very low inventory. So homes yes, are slower than 2 years ago, but most are still selling under 2 weeks. If they are not selling, there is a reason, most likely the property has issues ie: HOA in condo's or house passing inspection. (Or of course it is WAY over priced for the comps.)

When it comes to prices , there was HUGE markups on houses, like stated 2-3 times what they were a few years ago, so there has been some market adjustments, but they are not losing any money, just making less.

We are still without a doubt one of the least expensive places in the country for waterfront real-estate. The other thing you must look at is the taxes. LOTO is cheap!

The biggest competition for banks and mortgage companies is still the cash buyer... People are selling their homes in other cities and states and moving here full time. I will agree we are not the same seasonal place it used to be, it is now busy March to November. But for those of us living there that means more choices for restaurants, businesses etc coming in the future. Look at what is going on right now, MAJOR expansion in the Camden County area, this will lead to more growth in OSB. Yet.... If you still want quiet, go to the upper numbers, you will still hear the Banjo's playing and real-estate is 1/10th the cost of the 0-35mm

Back in 2008-2015 we had VERY few sales and when everyone else was crashing, we just sat stagnant. Nothing really dropped in value, but nothing sold either. because so many places at that time were 2nd and 3rd homes, they rode out the storm.

You can wait, this during the down turn did as well and guess what, most ended up paying more anyway, so if you want it and can afford it, find what you like and get it, or start the building process to get exactly what you want. It isn't going to get cheaper... IMHO...

Originally Posted by 315duramax (Post 4892231)

I think we know who the realtor is in the group 😂😂

dan, I agree; we’ve been watching. Might open a shop at the lake , fuk NY. Biz is great here , but loto would be a nice second location. Some of these places are out landish on pricing and if you look they are stalling. And taking big price hits.

Some of these comments on here are contradicting , as none of us really know. “Some of these houses are 2nd and 3rd homes. They can afford it”

but then, what about the people who bought for the air bnb… air bnb is so over saturated ; and with the BS fees. Ppl are opting for back to hotels again.. what happens to the owners of the homes , who bought the place to air bnb to cover their costs. When air bnb craze dies and ppl go back to hotels and everyone with a 4-5 bed lake house says jk can’t afford it anymore..

who knows. I agree though, weird times. Buying at the top, only to take a large hit. Could spell bad

Originally Posted by ICDEDPPL (Post 4892437)

Plus you can own a supressor in MO.
#winning

Originally Posted by Wildman_grafix (Post 4893970)

I do not know if someone makes a floating lift of this style but you need one. Be the cool kid on the dock.


https://decoboatlift.com/boat-hoist-...klift-systems/

Originally Posted by Griff (Post 4893998)

Lots of people build a "V" at the front of their slips. Some people with wider slips will have the lift companies build a walkway around the boat that is attached to the lift as well. Many people have platforms at the back of the lift so you clean the transom.

Originally Posted by ICDEDPPL (Post 4896992)

I only have one reservation so far.. is this normal? Does it pick up as summer gets closer ?

Originally Posted by Quinlan (Post 4897010)

Main question-- WIll Nortech fit in slip? Looks like you have plenty of room.
I had to widen mine for the Cobalt. 9.8" beam and 10' slip makes for a Tight Ho. lol
Widen slip- Oh by the way- GRDA said Must refloat dock with enclosed floats with improvements- $35K
Oh, and by the way Old lift now won't work- New Lift $36K

The things we do for our Boats :lolhit:

Originally Posted by ICDEDPPL (Post 4897023)

Well it`s 10'.5" and my slip is 12' .. thats going to be tight!

Originally Posted by ICDEDPPL (Post 4897023)

Well it`s 10'.5" and my slip is 12' .. thats going to be tight!

Originally Posted by Knot 4 Me (Post 4897111)

I have a buddy closing on a unit at Topsider on the 17th. He plans to open it up on VRBO so I will ask him how quickly his calendar books up. Might be getting to a saturation point on rentals at the lake or it may just be it needs some time to be discovered or rediscovered if it was rented prior to you owning it and it was delisted during the sale process. I can also email the gal we rented from at Land's End who manages multiple units and ask if she's seeing a downturn in rentals or if it is as busy as ever for her.

Originally Posted by Cash Bar (Post 4897200)

Did he get a slip with it? Most of those do not have slips or have small ones so far.

Originally Posted by underpsi68 (Post 4897112)

Dan do you have a link to your rental? I was trying to talk my wife into checking out LOTO.