30103 SURFSIDE DR, North Bethany, De 19930 | $4,500,000

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Property Details

Relax & soak up the tranquility of the ocean air and waves from your front deck! 75 foot lot and a well maintained home with oversized wrap around decks, roof and heat pump replaced in 2013, new irrigation system. Rentals--$14,500K in peak weeks. I
  • MLS Number: 622608
  • Status: Active
  • Price: $4,500,000
  • Property Type:
  • Area: Fenwick/Bethany East Of Canal
  • Community: Gulls Nest
  • School District: Indian River
  • Square Footage: 2,008
  • Year Built: 1986
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Number of Stories: 2
  • New Construction: No
  • County Taxes: $2,611
  • Association Fee: $2,415
  • Waterfront: Ocean
  • Water View: Ocean
  • Furnished: Yes
  • Lot Dimensions: 75 X 237
  • Lot Size Acres: 0.39
  • Blocks to Ocean: Do Not Use
  • Lot Description: Cleared
  • Water: Public Central Water
  • Sewer: Public Central Sewer
  • Community Amenities: Beach

Interior Features

  • Kitchen: Breakfast Bar, Island
  • Heating: Heat Pump(s)
  • Cooling: Heat Pump(s)
  • Flooring: Carpet, Tile
  • Attic: Access Only
  • Appliances: Dishwasher, Disposal, Dryer-Electric, Extra Fridge/Freezer, Fridge w/Ice Maker, Microwave, Oven/Range Electric, Oven-Double, Oven-Wall, Refrigerator, Washer
  • Interior Features: Cable TV Prewired, Ceiling Fan(s), Window Treatments

Exterior Features

  • Style: Coastal
  • Construction Type: Stick/Frame
  • Exterior Type: Wood
  • Roofing: Architectural Shingle
  • Foundation: Pilings
  • Garage: Under Home
  • Parking: Driveway/Off Street, Off Site Parking
  • Porch/Deck/Patio: Deck - Rear, Front, Side
  • Exterior Features: Irrigation System, Outside Shower

Listing Courtesy of BETHANY AREA REALTY LLC

Property Management Solution Clears Ownership Hurdles

Property management for Sussex County landlords can be the key to circumventing what can otherwise become growth-limiting factors. If you are one of those who acquired a few rental properties as a reliable way to earn easy, hands-off income, you may have been surprised when your hands turned out to be a bit more ‘on’ than you had planned.

Or perhaps you are an experienced landlord looking for a way to expand your business—but already fully occupied with the status quo. The solution may be one you considered before, but decided against for cost reasons. But now that you have more predictable cash flow expectations, you might take a harder look (clearly, many others have done so: according to the international analysts at IBIS World, the property management industry does $55 billion worth of business in the U.S. every year!).

Here’s a back-of-the-envelope look at why property management in town makes sense to so many thrifty landlords:

  • Complete landlord/tenant law knowledge. You can imagine the cost in time, aggravation, and dollars for finding yourself on the wrong side of a legal dispute. You may think that you know the ins and outs of Sussex County applicable laws, but changes do happen. A property management company has the pooled resources to keep abreast of legal strictures. What your rental business doesn’t need is for the owner (you) to have to wrap your head around legal loopholes and legalese!
  • Task delegation. Tending to rental maintenance issues, tenant complaints, and the host of other property management tasks eats into time you could spend earning a living, or enjoying life. A good Sussex County property management company handles collections, maintenance, and the occasional problematic tenant. 
  • Avoiding paperwork. A Sussex County property management company is classified as a contractor rather than an employee, helping you to escape payroll tax and other hiring fallout. It streamlines, rather than complicates your rental business.

Whether you need help in getting started or want to offload some of the busywork, property management companies may be able to provide benefits that easily outweigh the cost. Call/text 302-228-7871 or email me, Russell Stucki, REALTOR ® of Beach Real Estate Market to provide detailed information on Delaware homes for sale, investment and commercial properties, luxury and  waterfront homes, condos/townhomes, new construction, lots and land, farms and equestrian properties located in but not limited to Bethany, Bethel, Bridgeville, Dagsboro, Delmar, Ellendale, Fenwick Island, Frankford, Georgetown, Greenwood, Harbeson, Laurel, Lewes, Lincoln, Milford, Millsboro, Millville, Milton, Ocean View, Rehoboth Beach, Seaford, Selbyville, Delaware. 

Prudent Choices Underlie Delaware Rental Properties

Striving to become a prudent person is a laudable goal—one usually only achieved after impetuous youthful misadventures have taught the wisdom of prudence. Caution—particularly in financial matters—may seem to be synonymous with prudence—but they aren’t always the same thing. Especially when there are magicians at work.

An example of that can be found in the way most people think about Delaware rental properties. There’s no sleight-of-hand from the landlord’s point of view: few would argue with the proposition that rental properties are a prudent form of investment.

The now-you-see-it, now-you-don’t sorcery happens when the audience (in this case, renters) view the same proposition: buying a home instead of renting. From that perspective, the exact same prudent investment can seem to be transformed into a fearfully huge risk. Taking the plunge—buying a home—has become a dangerously formidable commitment. It would seem to be a more prudent course to put off that kind of years-long gamble. After all, who knows for sure what the future will bring? Signing on the dotted line for a 15- or 30-year Delaware home loan seems like a humongous step into the unknown.

This apparently prudent risk assessment is actually a conclusion that fails to see what’s happening behind the distracting illusion. At its root is a basic truth behind the rent or buy decision:

Unless you’re living with your parents, you’ll be paying off a mortgage—either way.

The choice comes down to paying for a landlord’s loan or paying for your own. If you take the mortgage yourself, you have to make the payments. If you rent from the landlord, you also have to make the payments—with the landlord acting as middleman.

As soon as you’ve peeked behind the curtain to acknowledge that fact, a couple of other notable backstage realities are likely to come into focus:

First, if you buy a home via a fixed-rate mortgage, you can plan on what your payments will cost—now and 15 or 30 years from now. It’s written in stone. On the other hand, if you rent, you won’t know what your rent payments will be a few years from now. The first choice is the one that creates predictability and stability: i.e., prudence.

Second, if you buy, eventually the loan payments will equal zero. If you rent—well, having seen behind the curtain, you know what happens eventually: i.e., more payments.

At least in the world of Delaware rental properties, there is a distinct difference between prudence and caution. In the rent-vs-buy calculus, it’s pretty clear which is which.

Once you have peeked behind the curtain, you may also conclude that it’s an even more prudent idea to become a landlord yourself. And right now, there are some excellent Delaware rental properties that could make that possible.

To investigate further, give me a call!  Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com