Summer Rentals

No Time Like Present To Scoop Up Summer Rentals

Cydney Long
Reporting

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(CBS 3) WILDWOOD, NJ Early birds are snatching up the perfect summer getaway down the shore and the President’s Day holiday weekend is the unofficial start of the rental season.

The boardwalk is barren, the beach is blustery cold with just a few brave people bundled up near the water but still the summer "for rent" signs in wildwood are getting swiped up faster than you think.

“They go fast and are going fast, we could not keep up with our website,” said real estate agent, Margi Tirri.

Despite freezing temperatures this President’s Weekend, thoughts of warm summer fun had renters out in force.

“It was snowing on Saturday but they were lined up they wanted to see and because it was crowded they did not want to leave,” said Tirri, adding, “They wanted to get what they wanted.”

Mary Lou and Joe LaFontano of Morrisville Bucks County put money down on a $950 a week rental for July.

“It is getting expensive to buy here but I still think people are going to do the same thing we do, if they can afford to buy they do that too,” said Mary Lou LaFontano.

So are the old fashioned single home and motel rentals becoming a thing of the past, as 1950's Wildwood motels make room for high-rise condotels?

“Right now there is everything available, from the rooming house right up to the hotel but they are not going to be around forever,” said Wildwood mayor, Ernie Troiano.

Wildwood Mayor Ernie Troiano Jr. says you can never go wrong buying at the shore so long as the ocean does not disappear, but offers these wise words to investors.

“Make sure can afford what you have, problem is a lot come in and buy and they can not always rent it, as much as they would like to,” said Troiano.

Mayor Troiano went on to say that those who invest in the $600,000 to 2-million plus properties, they should probably plan on getting five or six weeks of rentals throughout the summer time as opposed to 11 of 12 weeks.

Also, many real estate agencies say with the 400 properties they have in Wildwood, 80-percent are already booked for one week or more. So if you book now, you not only get the place, price but also the week you want.

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