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Updated about 3 years ago on . Most recent reply

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96
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Nick Troutman
  • New to Real Estate
  • Rock Island, TN
69
Votes |
96
Posts

What are some of the best markets for Air BNB

Nick Troutman
  • New to Real Estate
  • Rock Island, TN
Posted

I am very much intersted in growing my Air BNB rentals. What do you feel are some of the best markets for Air BNB? I have been trying the Pigeon Forge/ Gatlinburg market but I've been out bid on EVER offer in the past 12 months (and I'm always over asking price). I'd love some insight for all of you in the BP community. 

Thanks so much,

Nick

Most Popular Reply

User Stats

272
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284
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William Beck
  • Realtor
  • Branson, MO
284
Votes |
272
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William Beck
  • Realtor
  • Branson, MO
Replied

I answered this question and analyzed vacation rentals almost every day for the last 3 years in my former job. Right now I would consider the following places to look.

My personal top 10:
top 3 investor markets - Pigeon Forge/Gatlinburg, TN (Yes, it's hard to get something there); Poconos, PA; Branson MO.

Then the rest:
Broken Bow, OK. 
Hot Springs, AR. 
Destin, FL. 
Cape Coral, FL.
Blue Ridge, GA.
Alma/Fairplay, CO.
Phoenix (*Do a hybrid play where you Vacation rent in winter, then short term lease to corporate renters or traveling nurses Summertime) 

I personally would like to own in the above mentioned areas as a portfolio and that's my plan.

Honorable Mentions:

Hilton Head, SC

Myrtle Beach, SC

Massanutten, VA

Killington or Southern, VT by ski areas

Granby/Grand Lake, CO

Lake Travis or Lake Granbury TX

Lake Havasu City

Cocoa Beach, FL

Traverse City, MI

Black Hills, SD

Island Park, ID
----------
Echoing what Justin said, Vegas = No go. New Orleans = also a No Go. 

I would argue that Disney World area is getting crushed with oversupply and investors should avoid.

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