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Updated almost 3 years ago,
Top Locations to Buy Short-Term/Vacation Rentals 2022
I currently own 1 rental property and am looking to expand my portfolio this year. I've done a lot of research recently on STR's and it seems to me like the ceiling for profitability is much higher than with long term rentals.
My question is, what cities/locations in the US have high revenue potential for STR's in 2022? I recently was eyeing a place like South Lake Tahoe, CA. Somewhere with year-round visitors. Lake Tahoe has ski resorts nearby for the winter, hiking, watersports for the summer, etc. But then I found out the state of CA is gonna take their large cut in taxes so maybe Cali isn't the best state for an investment? I also considered somewhere in the Orlando area near the disney parks but maybe there are too many vacation rentals already in the area, capping the revenue ceiling.
I understand AirDNA is available for market research but to my knowledge it's only going to be useful if I find a specific area first and subscribe to that location.
Thoughts? What locations seem like a lock for STR's in 2022?