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Updated almost 2 years ago on . Most recent reply

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Todd Gentry
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STR profits margins with pool

Todd Gentry
Posted

so I've purchased a really unique piece of property about 20 minutes from the heart of Atlanta , 10 from the airport . With the intention of making money of a STR

the main house is completely remodeled , 3 bd 2 bath . 

The features include a huge pool, and pool house that I’m making a bar in now , and also has a secondary living unit that is going to take a ton of work to convert to a rentable space . My goal is to create a mini resort style theme , with additional up charges for on call massages / drinks and food catering . Has anyone if the short term rental game gone to these lengths or am I over doing it with this ? It’s essentially a little compound on an acre 

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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
Replied

@Todd Gentry, interesting. Keep in mind, most individuals that are staying at STRs in cities are solely there to sleep while the remainder of their time is spent exploring the city or attending events whether it's for business or pleasure. I'm not really in the STR space but to me, your concept sounds a little more appropriate at beach towns and the like. Just my two cents. Is the secondary living unit going to be sourced as an STR as well? What would the numbers look like if it was an LTR? Moreover, depending on the location, the City/County may require you to pull an STR permit. Many spots are cracking down on STRs.

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