I like that idea. Continuing to make money, no matter if it’s just a few hundred dollars a month, is the main hurdle for me to leave. You’d still need to finance construction but it’s a good long term vision.
I am worried about fire seasons/smoke seasons. At best it shortens the tourist season and at worst I lose everything : /
Yeah, that lack of startup capital is why I’m not doing it already. A bunch of us are saving to pool money together to self-finance. You can also just start with a couple of nice trailers (which you wouldn’t be able to charge as much for, of course) and gradually work towards full cottages. Some cottages in areas I frequent around here are just trailers and are still going for like $300 CAD a night in the middle of September.
At least insurance should protect you against total loss?
I like that idea. Continuing to make money, no matter if it’s just a few hundred dollars a month, is the main hurdle for me to leave. You’d still need to finance construction but it’s a good long term vision.
I am worried about fire seasons/smoke seasons. At best it shortens the tourist season and at worst I lose everything : /
Yeah, that lack of startup capital is why I’m not doing it already. A bunch of us are saving to pool money together to self-finance. You can also just start with a couple of nice trailers (which you wouldn’t be able to charge as much for, of course) and gradually work towards full cottages. Some cottages in areas I frequent around here are just trailers and are still going for like $300 CAD a night in the middle of September.
At least insurance should protect you against total loss?