How is the rental market for The Oaks?
We originally thought that the rental market in the neighborhood of The Oaks consisted mainly of long term rentals, of which very few are available. Long term rentals here mean more than six months. Long term rentals avoid the 16.39% sales and hotel tax imposed on daily, weekly and monthly rentals, indeed on all rentals of six months or less. As offered at The Oaks, long term rentals also come with only a 15% lease commission, sufficient to cover costs and leave the profits in your pocket. Most if not all leasing commission rates in the area vary between 30% and 50% of rentals, a factor to be considered along with the sales and hotel tax when calculating your ROI for short term rentals.
