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Updated almost 4 years ago on . Most recent reply
Any Good Real Estate agent In the poconos PA?
Any Good Real Estate Agent in the Poconos PA ?
Most Popular Reply
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That's a pretty tough question to answer, as there are a lot of factors that go into calculating your return. It will vary pretty widely depending on the cost of the property, your operating costs, and what you can generate in income. I know that seems like a pretty obvious answer, but sadly it's true! That said, in my experience you can generate a very good cash on cash return, but that's dependent on finding the right property at the right price and finishing/photographing/managing it well to ensure a high occupancy rate/nightly rate. It's a lot harder to stand out in an increasingly crowded market if you're managing remotely and you don't have good photos or a unique property.
I hope that helps! Do a lot of searching around for listings that are booked a lot and there's no substitute for driving the area to get a better sense of the types of properties available.