Considering a short term vacation rental for my next property.

[George Jweid]

I live in upstate New York (Syracuse), and am considering purchasing something on a lake for my next property. I am planning on using it here and there with my family, but mainly as a short term vacation rental.

I am curious what everyone’s experience has been with doing this?

Also, does anyone have experience specifically in upstate New York? What laws, stipulations, or other things I should know ?

Lastly, what should I know in terms of the numbers? Is there any data available?