All Forum Posts by: Eric Babcock

 Good to know! I'm trying to pinpoint a good area where that tourist traffic is steady, which is why I assumed Lake Travis may provide that and just outside downtown in areas that are permittable in order to get the nightlife traffic.  Any other busy tourist spots in that surround austin area?

Quote from @Nathan W.:

I live about a mile from Lake Travis. If you're looking to buy a house on the lake you need to think through two things.

1. The property taxes are really high.
2. Lake Travis is not a constant level lake like Lake Austin and Lake LBJ are. Texas has frequent droughts and when we do the lake levels drop. Sometimes it's low for years. 

 I hadnt even considered the lake levels.  Does that drastically affect the occupancy rate?  I had just assumed that Lake Travis was the main go-to lake for all the tourist, but if Lake Austin and LBJ on comparable without the variance of lake levels then I'll definitely have to look into that!

 thats a good idea.  Ive heard of that area really starting to develop as well, just never considered it to be a hot airbnb spot so I will definitely look into that!

@Jack Faysash yeah thats the one thing with the lake I will need to figure out in terms of what the 'off-season' looks like.  Was also looking at something potentially just outside downtown so I could still appeal to the nightlife/tourists without having to pay a crazy amount for a condo.  

@Jordan Moorhead exactly, that is what I have been running into, which is why I am looking into the Village at Point Venture since they allow for STRs and seems to be a great location.   And awesome, would love your insight as well, but what exactly does your formula figure out?

At first glance Im finding some options below 500k right next to the lake that look pretty good.  But "ON" the lake, yes you've got that right haha

 Very true.  Much easier to operate when primarily occupied by families. 

Explore different options for a short term rental in Austin, TX and surrounding areas and am curious what would be the more desirable/success location. An STR that is right nearby Lake Travis or one more geared towards night life in the city of Austin or just outside of it. Also open to other areas within 1-2 hrs of Austin that I may be overlooking.

THANK YOU!

I've got 2 great ones that I always use that are local here in Orange County.  Feel free to send me a message and I'd be more than happy to provide you with their contact info

I did my education all online at Duane Gomer and have continued to do my continuing education with them as well.  Very thorough and convenient!