ANY STR FRIENDLY AREAS?

[Matthew Pride]

Looking for cities that are STR FRIENDLY! Any suggestions??!

[Michael Hyun]

My personal stance on this is that money is always made in places where other investors are scared to go. This is just my take, but you can't hold STR to the same standard as LTR - just because a STR does well its first year, doesn't mean it will do well the second year. Joshua Tree increased in STR unit count by 50% in one year. Demand didn't grow by 50%. This is because its a STR friendly area and investors flocked to it like crazy.

But in markets like Henderson, NV - Airbnb is strictly regulated (but still legal). Each airbnb needs to be 1000 ft from the next Airbnb. This severely limits the number of Airbnbs in the city and caps your competition. This ensures long term success, not just a few years.

Currently, I'm asking questions like "how can I get into this market" rather than "which markets allow me to do this".