Thoughts on Canyon Lake, TX

[William Brock]

I recently posed this same question regarding Lake LBJ & Lago Vista, but I was wondering if anyone has any experience with STRs in Canyon Lake, TX? I only have long term rentals and am looking at investing in a lake house to use myself a couple times a year, but to rent the rest of the time. So my questions are:

• What are the annual occupancy rates? Good or bad relative to other nearby
• What means to you use to come up with your nightly rates?
• Anyone using Evolve Vacation Rental management or other companies? TurnKey? Vacasa?
• What's your ROI? This number seems to be somewhat tricky to nail down.
• Are there better or worse areas to invest or watch out for, for whatever reason?
• Any tips or tricks?

Thanks for any and all advice and have a great week!

[Michael Smith]

Hi William - I have one STR in Canyon Lake. It isn't lakefront but its close to public ramps/parks and Whitewater. My experience has been that summers are very busy but it falls off the rest of the year. I have 4 months or so where the revenue is 6X the monthly revenue during the rest of the year. I use Vacasa and the experience has been mostly positive. They are expensive (30% fee) but they cover 100% of all management responsibilities. Another positive with Vacasa is that they come up with suggested rental rates based on their software. I have another STR further down Guadalupe River near Lake McQueeney that does a bit better.