Investigating short term rentals in Cape Cod, MA

[Matthew Terry]

Hello BP Mates,

My late grandmother left us beneficiaries an amazing property on the coast of Cape Cod. We need to make the decision to keep it or sell it. I want to create a business plan to present to the others on how we can keep it and generate enough income to pay for all expenses and for a vacation for each of us to go there. Does anyone have experience with short term rentals in the Cape Cod Massachusettes market? Are there easy ways to find recent STR data to gauge demand and understand guests demographics that would want to stay there? Any help would be most appreciated.

[Mason Hickman]

@Matthew Terry

I’m sorry to hear about your grandmother. I’m active on Cape Cod as an agent and have my own Airbnb rental. There is a strong demand here on the cape for short term rentals. You can use airdna for a really rough idea of what your place may generate. If there isn’t a mortgage on the property, you will have no problem covering your expenses. I’m happy to talk more or provide any additional insight on specific areas.