Jersey Shore Short-Term Rental Experience?

[Dominic Rosato]

Hey BiggerPockets community- I'm curious if anybody has had success (or experience) investing along the Jersey Shore with short term rentals? Any advice on which markets would be the best? Do you rent week-to-week or month-to-month? Are you cash-flow positive?

I'm aware that some towns have stricter Airbnb laws than others (7-day stay minimum V.S. 30-day stay minimum), and it can be hard to fill the units during the winter time. Any other red flags I should be aware of?

Appreciate any input, thank you!

[Lindsay Op de Coul]

Hi Dominic, we manage short term rentals for investors in Monmouth and Ocean County. From what we have seen Point Pleasant Beach does pretty well, although the market is tough right now, so it really depends on what your goals are. For example, we are working with one investor right now to purchase a STR but he is not as concerned about being cash flow positive since the house is also for personal use. So whatever income is generated from renting it, is just icing on the cake.

We like PPB because of its 7-day minimum (not to get mixed up with Point Pleasant Boro that has a 30-day min).  The price points of the houses are lower than a town like Bay Head, but the rents will be the same so you will see a higher profit margin.

Hope that helps at least a little!