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[return to "In praise of blowing up your life"]
1. scarfa+0m1[view] [source] 2023-06-13 07:49:33
>>jger15+(OP)
I’ve mentioned the last year of my life on HN where my wife and I decided to get rid of everything we own that wouldn’t fit in four suitcases including our cars and we became “hybrid digital nomads”. We fly to different cities across the US and stay in midrange extended stay hotels and stay in our own “Condotel”[1] the other six months in Florida.

What I haven’t talked about is what got us to this point. I grew up in a small town in southwest GA, moved to metro Atlanta in 1996 and stayed there until last year.

We had a house built in 2016 in the northern burbs and thought we had our “forever home”. All the time from 1996 -2020 I bumped around between 7 jobs as a journeymen “enterprise dev”.

My wife had lived in metro Atlanta all of her life. We got married in 2012 (both on our second marriage).

Everything changed in 2020. Our youngest son (my stepson) graduated from high school, Covid happened (didn’t fatally affect anyone in our inner or outer circle) and I fell into a remote job at BigTech.

When things got back to normal around 2021, we both realized that life is short and we wanted a change. That’s what caused us to blow up our life and we are both happier now that we really can’t acquire “stuff”.

When we left our condo in March to start our six month trip, we put it in the rental pool, it gets professional managed like a hotel room and we get half the rent to cover our mortgage.

We don’t own a car. We take Uber for six months once we hit a city and we have a Sixt subscription and we rent a car by the month when we are at home.

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2. Dowwie+ID1[view] [source] 2023-06-13 10:23:43
>>scarfa+0m1
You're paying half your rent to property managers?! Stop this insanity. There is no such thing as a rental pool, unless it's literally a pool that is rented. What service are you using?
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3. benjam+RI1[view] [source] 2023-06-13 11:06:00
>>Dowwie+ID1
I noticed that. 5-10% management fees / commission is normal even for holiday rentals.
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4. CPLX+XN1[view] [source] 2023-06-13 11:38:36
>>benjam+RI1
Not for hotel style properties. The OP’s model is also super common.

Hotel nightly rates are generally much higher than the daily equivalent of monthly rent. You’d need more info to know which is a better deal.

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5. sgeren+fS1[view] [source] 2023-06-13 12:00:46
>>CPLX+XN1
Exactly. A hotel-like 1-bedroom unit that might rent for $270/night is almost certainly going to rent by the month for far below (270*30.5)=$8235. Even assuming 30% vacancy, $270/night is $5764, vs. maybe $$2500/mo for a long term lease.

The other option, something like AirBnB, will result in lower overall fees but almost certainly higher vacancy than having the hotel manage everything and allow people to book it on e.g. Hilton.com or Expedia just like nay other hotel room.

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6. scarfa+UT1[view] [source] 2023-06-13 12:11:31
>>sgeren+fS1
Your math is spot on. Our unit is two bed/two bath, living room, full kitchen with a washer and dryer. Three pools , three restaurateurs on site, a well stocked convenience store, a running trail and a lake.

It’s Florida so it’s very seasonal. But we live there during low season.

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