Starting my STR Journey | Branson, MO Info & Connections

[Keli'i Lum]

Just started here on BiggerPockets! I listened to several podcasts and read through many posts, and I've finally decided to jump forward on this new adventure! I love how everyone on here is encouraging and it has motivated me with a drive to start the next chapter in my life! I've even invested in a couple of books referred - "Short Term Rental, Long Term Wealth - Avery Carl" and "The BRRRR Rental Property Investment Strategy - David Greene".

For my very first investment, I've decided to pursue an STR in Branson, MO. I've looked through all sorts of locations with the assumption that my budget is $260,000 (through an investor's conventional loan), and it seems like this area would be a great place to start.  I plan to sell my rental property (that costs me every month) and purchase a rental property (that generates net revenue) through a 1031 exchange.  I have so many questions and any piece of advice would be greatly appreciated!

Any STR-savvy investor-friendly realtor recommendations in Branson? Any STR Property Manager recommendations? Where should I look in regards to the STR laws in Branson? Is AirDNA the best place to run potential numbers? What is the ideal Cap Rate I should be shooting for?

[Valerie Budd]

Quote from @Emilio Shah:

Hi @Keli'i Lum,

I have similar reasons to you. Just getting into this. Limited budget. Looking to relocate myself and have been considering both Middle/East TN and the MO Ozarks. TN seems so much more expensive across the board even without buying in the really touristy spots in the Smokies. My long term ideal set up would be to live on some land within an hour of some investment properties. Branson/Springfield easily meet this criteria without being crazy expensive.

I have read lots of posts about Branson and it seems like there may be some restrictions around STR. Thoughts?

 @Keli'i Lum. I have been an STR PM since 2005 serving the great Branson Market place. Our team (including myself) are all locally based. We only focus on Property management handling all activities for your investment. We focus on specific neighborhoods so we have our team get to the properties quickly and serve our guests and owners. We are the largest boutique property management (over 35 employees) in the area. We have our own in house maintenance, laundry, inspectors, reservation team, marketing and data team in house to maximize our investors assets. We know the area extremely well and can help you identify a location that works for you and your budget. We are not in the business to sell real estate yet most of the top agents in our area have placed their STR investment properties in to our management. I do understand the premise of handling on our own. We have found that using our services and with our nightly rates being higher than the average of both counties we serve makes your net more than managing the property on your own. This does not even take in account the cost of your time that would be used managing the property. Please reach out to us directly for more details on the market place. Congratulations on selecting the Branson market place as our market place offers incredible returns, is growing tremendously(John Morris who owns Cabellas and Bass Pro is building more venues/activities), Dollywood is coming to our area, and a huge water park venue, and much more. Another great benefit is the return of our guests to enjoy this area is extremely high.