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Updated about 1 year ago on . Most recent reply

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Liying Sui
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3
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short-term rental or airbnb agent in Snoqualmie Pass?

Liying Sui
Posted

Hi All-

I want to research short-term rental (STR) opportunities in Snoqualmie Pass (outside of Seattle). Does anyone have contact on those management agent in this region?

Specifically, I'm looking to see whether anyone has an agent that is specialized in full service management in this area

Much appreciated.

Regards,

Liying

Most Popular Reply

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Michael Haas
#2 New Member Introductions Contributor
  • Real Estate Agent
  • 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
2,305
Votes |
706
Posts
Michael Haas
#2 New Member Introductions Contributor
  • Real Estate Agent
  • 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
Replied

@Liying Sui are you open to considering other STR markets? as Michael mentioned, Snoqualmie Pass has the worst cashflow of any Cascade Mountain Market - the prices are astronomically high because of the easy 30-45 minute commute to Bellevue and Redmond. They Airbnb nightly rates are also quite low, as its so close to Seattle most guests daytrip to that area so rental rates and occupancy aren't nearly as good as some investors expect.

If you have other reasons to buy on Snoqualmie Pass (such as wanting to retire to the cabin in a few years, or wanting to use it personally not just rent it out on Airbnb) I'd say go for it, but if ROI is a primary concern I would recommend Stevens Pass, Packwood, Ashford, or Glacier / Mt Baker over Snoqualmie Pass. DM me if you'd like the data comparing all those areas STR ROI so you can see what I'm talking about!

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