STR proximity - How far is too far?

[Duncan Banks]

While looking into options to minimize a down payment and generate funds for future investments I began looking into STR opportunities in my area that could be bought as a vacation property. Killington mtn. VT and cape cod are both in my back yard.

While the cape is flooded in the warmer months it is quite desolate in the off season. Killington should draw rentals year round despite peaking during ski season.

Does anyone have experience with STR that are based around ski towns? How close to the resort should I be looking? Has anyone had success or failures in similar markets? I'd have the same questions for cape cod.

[Duncan Banks]

@Mark Miles

I don’t disagree. Trying to make all that money in a fraction of the year poses some challenges. Most folks that are successful with season rentals in this area rely heavily on the ridiculous rates they can justify as a per/night fee over the 15 week peak season and then settle for a less glamorous month to month rate during the off season. I’ve actually stayed in the off season rentals because you can get a lot of bang for your buck and still have unbelievable weather on either end of your stay. With this being said there are thousands of tourists spots in new England alone that do just that. The associated traffic alone is enough to deter many locals but people come from all over despite South Africa sending us all their sharks.

Are all of these success stories from before the modern housing market? Possibly