Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Randy Willson
  • New to Real Estate
  • Atlanta, GA
1
Votes |
9
Posts

Getting started with short term opportunities in VT, NH & ME

Randy Willson
  • New to Real Estate
  • Atlanta, GA
Posted

New member here and interested in short term rental opportunities in the northern New England market.  I'm currently living in Atlanta, but would like to move back to New England to begin this new venture.  I'm looking for advice and insight on getting started in VT, NH, or ME?  Is Killington the most profitable?  How about Lake Winnipesaukee or the coast of ME?  If anyone has experience in these areas, I'd love to hear your thoughts.  Thank you.

Most Popular Reply

User Stats

566
Posts
457
Votes
Cliff H.
  • Rental Property Investor
  • Nashua, NH
457
Votes |
566
Posts
Cliff H.
  • Rental Property Investor
  • Nashua, NH
Replied

Hi @Randy Willson another vote for @Richard Dale-Mesaros, who was critical in working through some complications with a NH STR myself. Expanding into VT this year so should more to share on the differences between two states soon. Initial impressions based on market data I've seen:

NH: great 3 season (summer, fall, winter) occupancy. July, August, October top months for summer vacations and fall foliage. Winter rents by the weekend, summer by the week. 

VT: vacancy rate seems higher than NH, but that’s just what I’m tracking on data dashboards like AirDNA/others. Night rates generally higher than NH, likely due to higher rates of NY/NJ guests and larger resort-class mountains like Killy, Okemo, Stowe, etc. 

Keep in mind: VT in mid-2020 is being overwhelmed by NY/NJ buyers looking to buy 2nd homes outside the city. It’s no exaggeration to call it unprecedented. Perhaps partly due to COVID-19 concerns, but more so new organizational pushes for great flexibility and work from home arrangements which have allowed NYC dollars to buy 5x the property one could buy in VT vs NY. 

Happy to chat more about my experiences in the local NH market if you want to send me a PM. 

  • Cliff H.
  • Loading replies...