Short Term Rental Expansion

[Tony Gorokhovsky]

Hi everyone,

I'm a fairly experienced investor with 11 STRS in 3 different areas along with around 150 doors LTR. I'm trying to break into a new market and continue expanding on STRs (the areas I have mine in are either extremely saturated or have no inventory). I'm hoping someone can advise me on where to look. My basic formula for STR is the 1.5-2% rule (500k property should do around 100-120k gross) which I've achieved in other markets before. I appreciate all the input.

[Kelly Worley]

Hi there, Tony. I am a real estate broker in Branson, MO. I keep personally investing here because it still makes so much sense:

1. Relatively low median home price

2. Relatively high per night rate

3. Longer season than a lot of other areas, with Christmas (Nov 1-Dec 31) adding an additional 60 nights of almost peak season rates.

And we are driving distance to over half of America!!

Kelly