Location for STR somewhere in TX?

[Tanner Woolley]

My wife and I are going to be buying our first property as a short term rental. We know it's a lot more management, and we're good with that since the cash on cash should be a lot higher than LTR. We're going to be buying in the next couple Months and plan on putting in between 80-100k between down payment and furnishing/upgrades. We're in Austin currently and are thinking of doing the San Antonio area, kind of close to sea world/six flags. Does anyone do STR in San Antonio? I'm nervous about the place not booking enough.

Is there anywhere else people have invested in Texas that they think would be a solid spot? Doesn’t have to be a home run. I’m getting analysis paralysis 100% as I’m a CPA and way over crunch and analyze things. Thank you!

[Kathy Cooper]

I manage 3 STR's in San Antonio, and it is a great market. You will find most rentals are weekends, as it's a tourist city, turnovers are Sundays, to mid week. There is also a big market for monthly furnished rentals due to the influx of relocates, military and traveling nurses, etc... Your big markets are conventions, downtown tourism, amusement parks, Lackland BMT. STR market can be very misleading in SA area, as many low-end listings have flooded abnb. There is a recent concern I have seen in the quality of guests, so I recommend presenting a nicer property in the higher price range. There is a good market for that and it brings in better guests. Nightly rates have jumped in the last year. Abnb floods SA but I find VRBO brings in a much better quality of guest stream. I really like dealing with them better as well. You get a person to talk to on the phone and they back the owner in a difficult guest situation, which is tremendously beneficial. Feel free to message me if you'd like to talk by phone.