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Updated almost 7 years ago on . Most recent reply

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71
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Jessica Freesia
  • Rental Property Investor
  • Atlanta, GA
17
Votes |
71
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Short Term Rental Resources Needed

Jessica Freesia
  • Rental Property Investor
  • Atlanta, GA
Posted

Hi, I'm totally new to the game, but would like to learn more about buying an investment property to be used as a short term rental. Does anyone know some good resources for learning that niche? This would not be in what is considered a vacation hot spot, probably more geared to a business traveler.

One specific question I have is how to research the city codes to make sure I'd be in compliance.  I'm thinking about along the 400N corridor, Sandy Springs/Roswell/Alpharetta area.  Does anyone have info on these areas specifically? 

Thanks in advance.

Most Popular Reply

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Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
4,192
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4,508
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Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
Replied

Buy bank foreclosure houses in a small town with a large industry. 

In my situation, this town has a population of 9000.  There is a 115,000 barrel per day refinery and associated fertilizer plant here.  I buy bank foreclosures, go to estate auctions to buy furniture/appliances, stock the house, and then rent them out to the people that come here from far away to work short term jobs.  It helps that I do the pre employment drug screens before they can get in the plant.  22 houses, 82 beds, 60 televisions, 40 bathrooms.  6 months of rent pays for a house, 1 month of rent pays for furniture/appliances.  It can take 7-12 months to get 6 months of rent.

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