John Moore thanks so much for the advice. I will do further research when I get off work this evening. Here's my brief story with the property in mention thus far:
My lady and I are currently renting in Staten Island, NY, and are seriously interested in getting into the real-estate Investing wave. We saw an advert for decent priced homes by a developer for sale in the Poconos and decided to take a road-trip to inquire.
We work together at Memorial Sloan-Kettering Cancer Center in Manhattan and a fellow colleague who is also interested came along for the ride as well. The commute wasn't bad at all. The developer showed us a really nice foreclosed home, 4 br, 2.5 bath, 2 car garage sitting on about half acre.
It's located very close to Camelback and the developer also mentioned that a NASCAR raceway is nearby as well, which can bring crowds in by the thousands. We're seriously thinking about purchasing and using AirBnb, HomeAway, etc. to help bring attention to the property.
Now here are my questions. Does/Has anyone on here own/owned property in the area, and if so, what experiences have you had with it in terms of short/long term rentals? I understand that the Poconos can draw people in all year around from skiing in the winter to camping in the summer, and with that said do people find hotels to be a better option given that they may be even closer to the attractions than the residential properties?
Another eye-brow raiser are the lack of reviews I'm seeing on the AirBnB etc. sites from people. Don't get me wrong, they're mostly good reviews, and I may just be freaking out, but it shows just a little concern to me that there isn't much feedback from guests for an area that's supposedly drawing in crowds all year-around. Again it may just be me freaking out.
Any comments/advice on this will be greatly appreciated. Thanks!
