Buying STR Mountain Home Upstate New York

[Tommy Cheng]

Hi BiggerPockets fam! 

We are finally done with our analysis paralysis phase and looking at buying a mountain house to use as a STR. We are looking in the Hunter Mountain Ski Area in Greene County, NY. Does anybody have any experience with mountain homes that we should be aware of. So far, we've looked into things like septic, property taxes, disaster insurance, plowing/cleaning, cell/internet availability, propane, mold, foundation, roof, airbnb stats, and water supply. Does anybody recommend anything else to check in on or look for? I'm nervous, but excited and want to cover all my bases to make sure that the numbers work out on our offer.

Thanks for any information or precautions!
Tommy

[Joseph Bafia]

Excited to hear you're taking the plunge into STR world!

A few other items to possibly consider is HOA/POA and if there are any special STR rules or procedures. Also determine if you will self manage (which can be done) or use property manager (those fees may change your numbers significantly)

We’ve got a few STRs in the mountains of NC.  We learned what our average monthly expenses will be and then just determine if your average rate and expected occupancy exceeds that.

Don’t let this forum thread get you back into analysis paralysis, just get one picked out and pull the trigger!