Colleen Kelleher, wtop.com
OCEAN CITY, Md. – Buyers who plan to turn their vacation homes into rental properties should not expect to make money in Ocean City — at least not in the short term, real estate brokers say.
The rents from properties in Ocean City are not enough to cover mortgages, condo fees, taxes and all of the associated costs of a rental property.
Real estate brokers Bud Church of Coldwell Banker/Bud Church Realty and Bernie Roache of Century 21/New Horizon talk about what you can realistically expect if you buy a property and plan to rent it.
Video produced by Ed Kelleher for WTOP.
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