How sustainable can STR be in crowded markets?

[Mateo Arias Gómez]

Lots of investors are looking to STR as some of the last places where we can find cash flow. However, I am thinking it might get a bit crowded in a couple of years and in some places like Orlando, there might be no secondary exit to the market in case the principal attraction loses value or there are just too many options and there is an oversupply. I know, I know, right now its not the case as there is a huge demand and lots of people are travelling and stuff, but if you are asking for a loan for 30 years you might want to think about everything that might happen.

I want to know what you guys think about STR in general? I am liking the idea but I am really concerned if something big shifts. What are some STR that are not very crowded and there is little to no supply creation? Do you think that going to some attraction areas is the best place for STR? or something like a metro area where you have lots of option? Is it really easy to just have a property manager supervising everything? what are your thoughts?