All Forum Posts by: Melanie Schmidt

We used Holly Bouck  as our agent - she focuses on STRs, and would probably know MTRs also. 

https://hollybouck.kw.com/

@Justin Morgan I'll PM you. Thanks!

@Duane Richards, that information is so valuable. Thank so much for sharing! The property management fees and the rising purchase prices seem to make STR in southern Utah a no-go for us right now then. And if the SFH long-term rentals are similar to Utah county, then I'll just stick closer to home (Salt Lake county).

Again, thank you for sharing what you found out in your search, I really appreciate it!

@Douglas Larson, thank you so much for your input! That is very wise insight, I can see that trying to use a property for your own purposes would get hard when trying to work around paying guests. That makes sense that it would be better to get income from an easier to manage and better cash flow property and then use it to vacation on your own terms. 

I'm ok with a vacation rental property OR a regular rental property as long as they cash flow well. I thought that maybe the vacation rental properties were providing more cash flow in this market, but it seems like that may not be the case.

I guess I just need to keep looking for a good deal.

Thanks so much for your advice!

@Justin Morgan Thank you, your reply is immensely helpful! I do admit, the lifestyle play is a very real perk that we wouldn't mind having. But going into this solely for the benefits of a vacation property to use, without it bringing in cash flow probably wouldn't work for us right now. 

That is eye opening that many people in St George are not even breaking even. Yikes! Perhaps I'll look a little more in the county or in areas such as Kanab (I LOVE Kanab!) and Brian Head to see if something there makes sense for us.

Thank you so much for your help!

Hi! I'm new to Bigger Pockets and the RE investing world. My husband and I had a rental for a couple years and now we have some cash from the sale of that house and want to use it to get another rental property. After looking some in the Salt Lake/ Wasatch Front area, there doesn't seem to be obvious or plentiful opportunities for cash flow (although from reading, I've heard they are out there, but harder to find and maybe leaner than before). We have thought of getting a vacation rental property in the St. George area instead. Any experience with this would be helpful so we can decide which direction to pursue. I'm not sure what the different cities in Southern Utah allow and which ones are best for renting. Is the Hurricane or Washington area better than Santa Clara? Is a town-home in a  resort specific community with pools better than a regular house? Is there a threshold of guests allowed per unit that rents better? 

Any advice from your experience would be appreciated. Thank you!  Melanie