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Posted: Mar 7th, '07, 18:38
by Snowjob
Make sure you watch your expenses. Budget for plowing s/b around $1,000.-, heat is unpredictable, but plan on $3,000.-, don't forget t.v., regardless of whether it's satellite or cable plan on $60.- a month, and then there's the electric bill, which might your heat bill if it's all electric (not unusual for rental homes).

Your name will be on the lease, so you'll have to be mindful of what happens when you're not around (always an adventure). Sometimes things get destroyed or go missing. It's all on you if something goes wrong.

You'll have to decide how to handle house basics, like t.p., soap, paper towels, etc. All these nickels and dimes add up, and you'd be surprised at how high your share prices have to be to recover your costs without stacking people like firewood in each room.

Let us know how it goes. It's always interesting (well, to me anyway) to hear about people's experiences running a house. It's not particularly easy to do it well.

Posted: Mar 7th, '07, 18:56
by swiftskier
Who would give money to a guy with such an avatar?
tyrolean_skier wrote:HS, why don't you post this at www.alpinezone.com. You might get more people interested in a share house at Stowe from that forum.
Certainly these people are ripe for a scam. Then again, take V.V. off your ignore list and you might realize how futile posting serious inquiries on this forum would be.

Posted: Mar 7th, '07, 19:12
by Snowjob
Oh, I don't know. I think Vinny knows what he's talking about. If you ask him a straight question you'll get a straight answer. You might not like it, but that's a different story! :lol:

Posted: Mar 8th, '07, 13:01
by Highway Star
Snowjob wrote:Make sure you watch your expenses. Budget for plowing s/b around $1,000.-, heat is unpredictable, but plan on $3,000.-, don't forget t.v., regardless of whether it's satellite or cable plan on $60.- a month, and then there's the electric bill, which might your heat bill if it's all electric (not unusual for rental homes).

Your name will be on the lease, so you'll have to be mindful of what happens when you're not around (always an adventure). Sometimes things get destroyed or go missing. It's all on you if something goes wrong.

You'll have to decide how to handle house basics, like t.p., soap, paper towels, etc. All these nickels and dimes add up, and you'd be surprised at how high your share prices have to be to recover your costs without stacking people like firewood in each room.

Let us know how it goes. It's always interesting (well, to me anyway) to hear about people's experiences running a house. It's not particularly easy to do it well.
Good advice....I know it's tricky and a pain in the ass. Hoping to keep it to a reasonable amount of people so it doesn't get out of hand.

Posted: Mar 8th, '07, 13:06
by Vinny Vincenzo
Highway Star wrote:
Snowjob wrote:Make sure you watch your expenses. Budget for plowing s/b around $1,000.-, heat is unpredictable, but plan on $3,000.-, don't forget t.v., regardless of whether it's satellite or cable plan on $60.- a month, and then there's the electric bill, which might your heat bill if it's all electric (not unusual for rental homes).

Your name will be on the lease, so you'll have to be mindful of what happens when you're not around (always an adventure). Sometimes things get destroyed or go missing. It's all on you if something goes wrong.

You'll have to decide how to handle house basics, like t.p., soap, paper towels, etc. All these nickels and dimes add up, and you'd be surprised at how high your share prices have to be to recover your costs without stacking people like firewood in each room.

Let us know how it goes. It's always interesting (well, to me anyway) to hear about people's experiences running a house. It's not particularly easy to do it well.
Good advice....I know it's tricky and a pain in the ass. Hoping to keep it to a reasonable amount of people so it doesn't get out of hand.
Out of hand? You never take it out of your hand, do you?

Posted: Mar 8th, '07, 13:12
by XtremeJibber2001
Highway Star wrote:Good advice....I know it's tricky and a pain in the ass. Hoping to keep it to a reasonable amount of people so it doesn't get out of hand.
This is what I do with our summer house down to the NJ shore ...

I add up all the bills that we'll need to pay and include the security deposit and I add that on-top of the price of the house for the summer.

For example ...

House - $20K for the summer
Electric - $500
Gas - $200
Cable - $500
TP/Soap/Rags/etc - $500
Misc - $600

So instead of the price being 20,000/# of roomies, I take [(20,000+(other expenses))/# of roomies]. Then I tell everyone that if nothing is broken, they'll get a refund at the end of the summer.

It's worked well for me because people think twice before destroying something because they know it's coming from their pocket.

If something does break, I'll have the money to cover it. Also, I handle supplying all the small items like toilet paper etc so I don't have to hear people fight and complain about who's buying what and who's turn it is.

Just another alternative way of handling things.

Posted: Mar 8th, '07, 13:33
by SkiDork
XtremeJibber2001 wrote:
Highway Star wrote:Good advice....I know it's tricky and a pain in the ass. Hoping to keep it to a reasonable amount of people so it doesn't get out of hand.
This is what I do with our summer house down to the NJ shore ...

I add up all the bills that we'll need to pay and include the security deposit and I add that on-top of the price of the house for the summer.

For example ...

House - $20K for the summer
Electric - $500
Gas - $200
Cable - $500
TP/Soap/Rags/etc - $500
Misc - $600

So instead of the price being 20,000/# of roomies, I take [(20,000+(other expenses))/# of roomies]. Then I tell everyone that if nothing is broken, they'll get a refund at the end of the summer.

It's worked well for me because people think twice before destroying something because they know it's coming from their pocket.

If something does break, I'll have the money to cover it. Also, I handle supplying all the small items like toilet paper etc so I don't have to hear people fight and complain about who's buying what and who's turn it is.

Just another alternative way of handling things.
so if one person breaks something, everyone has to pay for it?

Posted: Mar 8th, '07, 13:35
by XtremeJibber2001
SkiDork wrote:so if one person breaks something, everyone has to pay for it?
Luckily, this hasn't happened, but if no one fessed-up to the damage, everyone would pay.