Florida vs New Hampshire Short Term Rentals? ( Who Wins )

[Christopher Lynch]

Hi All, 

I have been researching the idea of putting together a STR portfolio and eventually raising capital once I can create a predictable system around buying and Cash flowing these assets. The big concern I have with this asset class is the control element. It seems like many towns are creating new regulations around STR. It would be tragic to build a portfolio and have the local town come in and shut it down.

I currently have a Duplex that cashflows very nicely in Rhode Island. New Hampshire would be much easier to start with as a it is very drivable and they have winter and summer travel seasons. However, It seems like there is alot of opportunity in FL and it is only a short flight away. 

Is anyone building their STR portfolio in these states? If yes any feedback or advice would be awesome. Also, would love to hear some locations that are STR friendly in each state. I have been looking into the lakes area of NH so far.

[Account Closed]

Quote from @Christopher Lynch:

Hi All, 

That's a little tough to answer. There are more people in the city of Jacksonville alone than the entire state of New Hampshire.

New Hampshire is 24.7% more expensive than Florida

Florida grows citrus. New Hampshire grows Norm from "This old House"

New Hampshire has winter and cold beaches and Florida, well, doesn't.

I have a long weekend to travel from Arizona and I flip a coin: heads it's Florida, tails it's Florida. Sorry New Hampshire, I love ya, but you ain't Florida. You're kinda a miniature Washington State.

[Mariana Perea]

Hi Cristopher. I was curious about what you decided. I also want to invest in STR

[Timothy W.]

I wouldn't touch Florida until they figure out what's going to happen with this Condo assessment nuke the legislature just dropped down here.