STR advice for South Dakota please?

[Mike Shemp]

Hi All,

We are looking to purchase a STR in South Dakota, preferably somewhere near the vacation areas such as Custer, Black Hills, Spearfish, Piedmont, Lake Pactola, Rapid City, etc.

I've started looking at properties and starting doing some research.  So far I've discovered that:  Immediate Custer has some regulations, but outside of Custer doesn't; Hill City has regulations; you have to check the deed on the properties because some of them have restrictions on STRs;  some properties have extremely steep driveways which can be an issue in winter, so have to watch for that; some places have dirt roads that are a mess when it rains so that has to be considered.

My questions are:

1. For anyone familiar with South Dakota or invests there, what are other things to watch out for?

2. What are some other areas/towns to consider investing in and why?

Thanks in advance for your help.

Mike

[Rustin Nordsven]

Quote from @Mike Shemp:

Hi All,

We are looking to purchase a STR in South Dakota, preferably somewhere near the vacation areas such as Custer, Black Hills, Spearfish, Piedmont, Lake Pactola, Rapid City, etc.

I've started looking at properties and starting doing some research.  So far I've discovered that:  Immediate Custer has some regulations, but outside of Custer doesn't; Hill City has regulations; you have to check the deed on the properties because some of them have restrictions on STRs;  some properties have extremely steep driveways which can be an issue in winter, so have to watch for that; some places have dirt roads that are a mess when it rains so that has to be considered.

My questions are:

1. For anyone familiar with South Dakota or invests there, what are other things to watch out for?

2. What are some other areas/towns to consider investing in and why?

Thanks in advance for your help.

Mike

Mike, you are correct on STRs not being allowed in city limits of Custer, and Hill City. Each county in the Black Hills has a little different view when it comes to STRs. Custer county current does not have any rules on short term rentals however the property covenants might not allow them. A few county's are revisiting the rules and regulations currently. There are a few locations that are primarily short term rental locations in the Black Hills that should be fine. Shoot me a message if you would like to discuss more indepth.