Montauk Life Montauk Life August 2017 - Page 74

REAL ESTATE : SUMMER RENTALS

As much as the recent sales numbers for the East

End have been up and down one thing has been consistent throughout this year . Traditional summer rentals stink . Yea , I said stink as in very bad , nonexistent , needle in a haystack , winning the lottery odds , bad . A quick look at the most popular on-line site for real estate on the East End demonstrates this with gusto .
Plug in a monthly rental for August on HREO . COM and see what happens . From $ 25,000 to $ 100,000 there are a grand total of over 8,000 homes for rent in the East End . Care to go a bit higher up the food chain ? In the $ 100,000 - 300,000 range for that same month of magical August there are another 1000 plus or minus palatial homes waiting .
And in the spirit of “ what the heck it ’ s only money after all ” let ’ s go all the way ! We actually have roughly 80 homes willing to give you the keys to the kingdom for prices that run from $ 300,000 all the way to a mindblowing million dollars for a 31 day stay .
Hard to believe but there are folks who that think someone else is going to give them a million dollars to stay in their place for a month . Certainly not the only reason so few homes are renting but a piece of the puzzle . Fact is , over priced rentals across the board have discouraged summer rentals here like never before .
But price alone is far from the only reason we see fewer and fewer monthly and seasonal summer rentals . The amount of time people have or are willing to devote to a summer stay plays a large part , too . Long gone are the days when a family encamped from Memorial Day to Labor Day . Today ’ s modern clan simply doesn ’ t have that much time to sit in one place and even if they do , hesitate to pay the prices we ask for that time .
Instead , folks are increasingly spending less time on vacation and taking them in whatever accommodations they can wrangle . Whether it ’ s a two week stay in a traditional home , a one week stay in a motel , or even a day or two at a inn or Air BNB private home the folks who make the trek out here have more flexibility in how long they stay than ever before .
This summer we ’ ve seen that plainly with crowded weekends but slow weekdays , a sure sign people are only spending 2 or 3 days here at a shot . Hotels and motels are responding by offering mid-week deals , even breaking Friday and Saturdays out to fill rooms . So , where is the incentive for anyone to spend 5 figures or much more on a house to rent for a month or more that they ’ re more than likely to spend most of that time away from ?
Overall this is not a good trend for any corner of the area . In the short summer season we already have local businesses strain to make enough money to make it to next spring . Cut their busiest weeks into half busy and half not and you put a huge hole in their sustainability .
And what ’ s this to your , dear reader ? First , if you do want an August rental , man are you in the drivers seat ! Second , if you only come for a few days at a time , try to spread the wealth around , OK ? Do your patriotic duty and dine out nightly and shop with vigor . It ’ s the only way to be sure your favorite haunts stay healthy enough to be around in 2018 . to NEW YORK CITY
DEPARTING ARV . DEPARTING ARRIVING
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Montauk 34 S . Euclid Ave - Near Police Station Amagansett In Front of The Gansett Green Manor East Hampton Across From The Palm Wainscott In Front of The Wainscott Shopping Center Bridgehampton Across From The Community House Water Mill In Front of Double Rainbow Treats / Go West Southampton Train Station
Midtown Manhattan - Third Ave . & 40th , 50th , 60th , 72th , 79th , 86th Street
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70th Street Lexington Between 69th & 70th Street
59th Street Lexington Between 58th & 59th Street
47th Street Lexington Between 46th & 47th Street
40th Street Lexington Between 39th & 40th Street
Southampton Train Station Water Mill In Front of Robert ’ s Restaurant Bridgehampton In Front of The Community House Wainscott Across From La Capannina Pizza East Hampton In Front of The Palm Amagansett In Front of St . Peter ’ s Church Montauk 34 S . Euclid Ave - Near Police Station
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6:00 6:20 6:30 6:35 6:45 6:50 7:00
- 7:30 7:40 7:45 7:55 8:05 8:15
8:20 8:40 8:50 9:00 9:10 9:20 9:30
Schedule 2017 July 1st - August 31st
- 10:30 10:40 10:50 11:00 11:10 11:20
2:00 2:20 2:30 2:35 2:50 3:00 3:10
- 2:55 3:05 3:10 3:25 3:35 3:45
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8:50 9:50 10:30 11:45 1:35 5:30 6:00 7:20
9:40 9:45 9:55 10:05
12:20 12:25 12:35 12:45 12:50 1:00 1:20
10:55 11:00 11:10 11:20
1:35 1:40 1:50 1:55 2:05 2:15
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MONDAY THRU FRIDAY
11:55 12:00 12:10 12:20
2:35 2:40 2:50 2:55 3:05 3:15 3:35
5:10 5:30 5:40 5:50 6:00 6:10 6:20
8:00 8:20 8:30 8:40 8:50 9:00 9:10
8:20 11:20
SATURDAY
4:30 4:55 5:05 5:10 5:25 5:35 5:45
7:45
Schedule 2017 July 1st - August 31st
MONDAY THRU FRIDAY
12:55 1:00 1:10 1:20
3:35 3:40 3:50 3:55 4:05 4:15 4:35
3:30 3:35 3:45 3:55
6:25 6:30 6:40 6:45 6:55 7:05 7:25
6:10 6:15 6:25 6:35
8:55 9:00 9:05 9:15 9:25 9:35 9:55
7:10 7:15 7:25 7:35
9:40 9:45 9:55 10:00 10:10 10:20
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8:10 8:15 8:25 8:35
10:35 10:40 10:45 10:55 11:05 11:15 11:35
9:10 9:15 9:25 9:35
11:35 11:40 11:45 11:55 12:05 12:15

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SATURDAY
9:25 9:30 9:40 9:50
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11:20 11:40 11:50 12:00 12:10 12:20 12:30
10:25 10:30 10:40 10:50
12:50 12:55 1:00 1:10 1:20 1:30 1:50
12:20 12:40 12:50 1:00 1:10 1:20 1:30
11:25 11:30 11:40 11:50
1:50 1:55 2:00 2:10 2:20 2:30
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SUNDAY
2:20 2:40 2:50 3:00 3:10 3:20 3:30
4:50 5:10 5:20 5:30 5:40 5:50 6:00
6:20 6:40 6:50 7:00 7:10 7:20 7:30
7:20 7:40 7:50 7:55 8:05 8:15 8:25
SUNDAY
12:55 1:00 1:10 1:20
3:20 3:25 3:35 3:40 3:50 4:00 4:20
8:20 8:40 8:50 8:55 9:05 9:15 9:25
2:45 2:50 3:00 3:10
5:10 5:15 5:25 5:30 5:40 5:50 6:10
9:40 10:00 10:10 10:15 10:25 10:35 10:45
1:30 2:40 3:40 5:40 8:10 9:30 10:25 11:25 12:35
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Music Library ( plug into your seat Yes
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Bottled Water
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74 | Montauk / Hampton Life | August 2017 www . MontaukLife . com
REAL ESTATE: SUMMER RENTALS A s much as the recent sales numbers for the East End have been up and down one thing has been consistent throughout this year. Traditional sum- mer rentals stink. Yea, I said stink as in very bad, non- existent, needle in a haystack, winning the lottery odds, bad. A quick look at the most popular on-line site for real estate on the East End demonstrates this with gusto. Plug in a monthly rental for August on HREO.COM and see what happens. From $25,000 to $100,000 there are a grand total of over 8,000 homes for rent in the East End. Care to go a bit higher up the food chain? In the $100,000 - 300,000 range for that same month of magi- cal August there are another 1000 plus or minus palatial homes waiting. the days when a family encamped from Memorial Day where is the incentive for anyone to spend 5 figures or And in the spirit of “what the heck it’s only money to Labor Day. Today’s modern clan simply doesn’t have much more on a house to rent for a month or more that after all” let’s go all the way! We actually have roughly that much time to sit in one place and even if they do, they’re more than likely to spend most of that time away 80 homes willing to give you the keys to the kingdom hesitate to pay the prices we ask for that time. from? for prices that run from $300,000 all the way to a mind- Instead, folks are increasingly spending less time on Overall this is not a good trend for any corner of the blowing million dollars for a 31 day stay. vacation and taking them in whatever accommodations area. In the short summer season we already have local they can wrangle. Whether it’s a two week stay in a tradi- businesses strain to make enough money to make it to Hard to believe but there are folks who that think tional home, a one week stay in a motel, or even a day or next spring. Cut their busiest weeks into half busy and someone else is going to give them a million dollars to two at a inn or Air BNB private home the folks who make half not and you put a huge hole in their sustainability. stay in their place for a month. 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