Hello everyone! I have a dilemma. I'm a young mortgagee on a low income and with a low income partner. (I will soon be upgrading to a better incoming but not for 4-5 months and my partner in 2-3 years) Current circumstances mean that we need to move and would take a big loss on our property should we attempt to sell now. As such we are left with the options of permanent tenants or holiday pool. From what I can gather from facts and figures given by real estates and resort managers the return would be about the same on both but potentially more on holiday pool due to decreased costs of letting, maintenance, etc. (there seems the benefit of being able to use the property for our holiday, costant cleaning and ready to sell the moment we are).
As we will need a rental to live in in our new town I'm curious to know your opinions on the general pros and cons of each to see what obvious things I've failed to think of or that have been omitted from my dealings with those interested in the management commissions. I'm a terribly worry-wart when it comes to money and while we have savings we need access to those (wedding on the horizon) and as such they currently offset the mortgage. Any generalised information or good websites would be a help to get me on the right track to choosing the best option.
Thanks for your time and interest!
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