New Hampshire Vacation Rental Analysiss

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New Hampshire Vacation Rental Analysiss

Jimmy MurrayBusiness Member
Investor · Warwick, RI · Member since 2013 · 220 posts · 119 votes

Hi All!

I am working on analyzing a deal in Thornton, New Hampshire for a potential Vacation Rental. Does anyone have any advice related to renting through AirBnB or Homeaway? 

I am thinking this would be an owner financed deal for 12-24 months then rolling the property into a more conventional type of paper. Does any one have experience financing a vacation property?

Thanks in advance!

-Jim

[email protected]401-829-1533
Lyon Property Group4.5632 Reviews
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John Moon
Rockville Centre, NY · Member since 2015 · 3 posts · 2 votes
10y

Jim,

There are a lot of changes occurring with Homeaway. Homeaway/VRBO just added a 9% service charge to guests. Tripadvisor/AirBnB also charge 10-15% to the guest and the owner about 3%. There is a good forum in Yahoo groups called Vacation Rentals for owners with information about the vacation rental web sites and any other questions that you may have.

I have two condos in Lincoln so I am familiar with the area.  You are fairly close to Waterville Valley, Loon and Cannon. There are a lot of vacation rentals in Lincoln, North Woodstock, Woodstock and Waterville Valley and I believe most rather stay close to the mountain during ski season. It is a very competitive market since there are many owners that rent their units along with rental managers such as Loon Rentals and others.Many of the developments run shuttles to Loon during ski season since there is not  a lot of parking. Depending on when you plan on using your property,it may be wise to have a seasonal renter for ski season. There is also a lot of construction on going in Lincoln with the new Riverwalk scheduled to open in May. The second and third phases of Riverwalk will eventually be built. The plan is for Loon to clear more of the mountain in the future to expand.

You should be able to finance the property without a problem. Call one of the local mortgage brokers.

John

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  • John Moon
    Rockville Centre, NY · Member since 2015 · 3 posts · 2 votes
    10y

    Jim,

    There are a lot of changes occurring with Homeaway. Homeaway/VRBO just added a 9% service charge to guests. Tripadvisor/AirBnB also charge 10-15% to the guest and the owner about 3%. There is a good forum in Yahoo groups called Vacation Rentals for owners with information about the vacation rental web sites and any other questions that you may have.

    I have two condos in Lincoln so I am familiar with the area.  You are fairly close to Waterville Valley, Loon and Cannon. There are a lot of vacation rentals in Lincoln, North Woodstock, Woodstock and Waterville Valley and I believe most rather stay close to the mountain during ski season. It is a very competitive market since there are many owners that rent their units along with rental managers such as Loon Rentals and others.Many of the developments run shuttles to Loon during ski season since there is not  a lot of parking. Depending on when you plan on using your property,it may be wise to have a seasonal renter for ski season. There is also a lot of construction on going in Lincoln with the new Riverwalk scheduled to open in May. The second and third phases of Riverwalk will eventually be built. The plan is for Loon to clear more of the mountain in the future to expand.

    You should be able to finance the property without a problem. Call one of the local mortgage brokers.

    John

    2Reply
  • Jimmy MurrayBusiness Member
    OP
    Investor · Warwick, RI · Member since 2013 · 220 posts · 119 votes
    10y

    @John MoonReally appreciate your in depth Market Knowledge. Are there any lenders in the area that you have worked with an prefer?

    [email protected]401-829-1533
    Lyon Property Group4.5632 Reviews
    WebsiteView Page
    0Reply
  • John Moon
    Rockville Centre, NY · Member since 2015 · 3 posts · 2 votes
    10y

    I would suggest trying one of the brokers at Northway Bank.

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  • Aaron L.
    Rental Property Investor · Lincoln City, OR · Member since 2016 · 63 posts · 21 votes
    10y
    Jim Murray in our market, we see a lot of web traffic through homeaway sources. Airbnb.com is moving rapidly as well. There is some traffic through flipkey.com and tripadvisor.com too. I've heard some people discuss how flip key and trip advisor are better in their markets than vrbo and homeaway. You could probably reach out to some local property managers for vacation rentals and see where they 1) advertise and 2) see the most traffic or referrals.
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  • John Armando
    Dartmouth, MA · Member since 2016 · 40 posts · 10 votes
    10y

    I'm just starting to get interested in similar investments @Jimmy Murray. I live just outside of Boston and am looking to invest in a short term rental property in the North Conway area. 

    I've identified some potential properties, but am trying to get a good feel on how to value the property, how to assess rental income, and find the best way to interface with VRBO, Airbnb, and a property management team that would be able to deal with key drop-off etc. 

    Just interested in hearing your thoughts. 

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