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Updated over 3 years ago on . Most recent reply

User Stats

8
Posts
3
Votes
Sam Fulkerson
  • New to Real Estate
  • Chrisney, IN
3
Votes |
8
Posts

needing some advice when looking into my first arbritage rental

Sam Fulkerson
  • New to Real Estate
  • Chrisney, IN
Posted

So i just finished reading the most recent blog post on arbritage rentals. I'm very interested in looking into this for my area. The town closest to me is Santa Claus, Indiana. Its a relatively busy vacation destination from May-September and in December due to the local amusement park that can bring in Close to 26,000 people daily during the middle of the summer. There are a few Airbnb's in the town that range from $200-$315 per night and are booked solid in the summer months. There is also a duplex community very close to the amusement park where the monthly rent ranges from $550-$800. If I were able to rent one of these duplexes and rent out the unit on Airbnb it would do very well during the summer months but would drastically slow down during the winter months. I'm needing some guidance. If anyone has any experience with this business model and would have some advice for me it would be greatly appreciated!

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