Advice About Vacation Rentals in the North Conway, NH Area

[Zoltan Fagyal]

Hi,

We’re looking to purchase a condo in the Bartlett, NH area. I already own a few condos in MA (not vacation rentals) and I’m familiar and comfortable acquiring condos.

I have already done a good amount research on AirBnB, HomeAway, etc. about rates and read forums here on BP and have been doing some calculations, etc. I found that in theory a property could be rented almost year around. November and April being the slow months.

I live about 3 hours away so this would be a remote operation. I would hire a PM company to manage everything locally and I would “help” market the property and have it rented.

I would be very curious to see if anyone has any specific experience about average occupancy rates either by season or annually. Also general thoughts about this.

At this stage of my life cash on cash return is more important than having a place to visit, but if the cash on cash return is there (I’m looking for 10% or more) why not consider it?

Thanks for any and all your help.