STR Condo at popular beach locations
What are the pros and cons to STR condos? Should investors generally shy away from condos doing STR method? I personally feel they would be less desirable but I don't know if that is my personal bias getting in the way.
Help?
Most Popular Reply
Define most desirable.
One of our most desirable highest performing STR is a condo in a location where it is common, permissible and the HOA is STR friendly. We're on the board too. Many board members rent on STR platforms.
Our HOA fee covers things like Internet, cable, some insurance, water and landscaping, alleviating us from utility bills and weeds. It is the easiest STR we own and highly profitable, therefore, most desirable to us. And the net returns are stellar, year round.