Short term rentals in New Jersey

[Jorge Hernandez]

I noticed the bulk of the post about short term rentals is in the Mid west region to western u.s. There doesn't seem to be any post coming from the east coast (north east) 

Does that mean that the north east market is non existent?. Or maybe the Airbnb market is not here. 

Just looking for some insight.

Also, in the arbitrage method, you are essentially lease the property/apartment and subleasing it to your short term rental customers right? 

So with this method you would need

Have your LLC to sign lease

have the security & first months rent (In some cases the last month rent also & maybe broker fee)

Short term rental agreement/rider

Furnish the place

That's about $10,000 (Or just make it $10,000 to make life easier)

Does this sound right
 

[Brooklyn McCarty]

For the market, I would get on Airbnb/VRBO and do the enemy method. See what’s there, how are the properties doing, what’s their adr and their calendar look like 

check with local law in areas you’re interested in and see what the permitting is. 

As for arbitrage, you’ll find most people here self manage