Long Term Rentals in Rural NH Markets- Low Vacancy!

[Zander Kempf]

I would like to hear fellow investors thoughts on the strategy of investing in long term rental properties in rural areas with low vacancy. I am specifically looking at the New Hampshire markets (these are local to me). Vacancy rates across the state are between 1 and 2% on average suggesting low vacancy risk. Let me know your thoughts!

[Matt Herbert]

I've been a long term investor in rural NH for the last 6 years. So far so good. My biggest concern right now is STR (Short Term Rentals). With this pandemic hammering our economy, nobody is traveling. That means the STR owners are going to be in a bind real soon. I'm afraid they may convert their properties to LTR (Long Term Rentals), and flood the market. This could drive down rent rates and increase vacancies.