Climate on Short Term Rentals

[Ryan Cleary]

For our next deal we were considering a house about two hours north of New York City in which we would Airbnb/ VRBO.  This area is in between two major ski resorts and has year round attractions.  A lot of the Airbnb owners in the area weren't too affected by COVID and everyone I have spoken to has good things to say about their experience.  That being said, do you think short term rentals are a good idea given the current climate, do you see things getting better or worse.  Thanks!

[Marcello Di Gerlando]

Most of the STR folks posting on BP with true vacation rentals - beach, mountain etc are out performing previous years. I concur. However, urban STRs are not reporting the same boom. The sweet spot seems to be secluded or semi secluded vacation homes that are within a days drive from major US cities. What you describe sounds juicy and ideal for an STR. Pump the breaks, everyone is going to caution you on STR regulations for the town you select. Pay heed, do your due diligence. STR laws are a moving target and can turn you sweet deal into a dog over night.