All Forum Posts by: Nick Mehl

I love CO and I have heard there are some tight STR regs in a lot of areas. However, there are more remote areas that do not have them. Land seems expensive, especially compared to Northern NM which is another market I am considering. Thanks for the suggestion!

Anyplace in particular come to mind? I was considering further south in Western NC but I have heard there are some hot markets in VA. The only problem is getting there from Austin where I am based. Thanks for the suggestion and keeping me intriqued!

I own a business that builds modern, prefab tiny homes (or cabins depending on how you look at it), and I am looking for a market where I could set up a few of these to use as model homes, available as a STR. Ideally, I'd like to break even or be profitable. Can anyone suggest a market where one-bedroom STR's that are nicely designed do well? I have a few ideas based on research but I'd love to hear people's opinions.

Emilie, your advice is so valuable to a person like me who has been listening in. I am in the market for a property in the Taos area to use as a STR. Been looking along Blueberry Hill and in El Prado and AF. Do you have any advice on what's a good area? I am an architect and I own a business that builds prefab small homes, so my intention is to build a small community (2-3 at first and then up to 10 units) of crafty little modern homes and rent them out. Cash flow is good but I'm really building to get some exposure for our product. And I love the area, of course.

Whoa,@Mitch Davidson, that's good intel! I hadn't heard that. One of the areas I'm considering is Maggie Valley so any opinion on building there would be welcome.

Thank you, Nick

Hello,

Is anyone in this group a builder or can anyone recommend a builder for me? I'm an architect who wants to build a STR just outside the city limits and so I'm looking for a builder who has built some STRs or who understands the unique needs of one.

I'd be looking for a construction loan lender as well.

The help is much appreciated!

Adam Howard, glad to hear it's going well enough to want to do more. I'm considering doing a 8-10 room motel conversion in NC and I was wondering if you'd be willing to offer some advice. How big was the one you did in NY by the way?

Thank you,

Nick

I can't make this next meeting but I have a question for the group. Are Accessory Dwelling Units (small backyard houses for those unfamiliar) allowed in Asheville and are they very common? I've started a company that provides pre-designed plans for small houses to be used as ADU's or cabins. I'd like to offer my services to this group for anyone looking for this.

For those of you who have STRs in the area, is anyone else going through an unusually slow period. I know that there aren't many bookings this time of year but my STR is not seeing any activity nor are there many future bookings, and this has been a pretty solid performer in the past. Is anyone else in this boat of have any insights? Is the STR market changing? Thanks!

Trevor, I'm wondering, from your perspective, what is driving the vibrancy of STRs in Waco. Is it the University, Magnolia, the travelers along I-35 or a combo of things? I also saw that report on AirDNA and the data for occupancy rates and revenue is impressive, ranking Waco up there with the best. Is there any advantage to buying a distressed property that's zoned for STRs and putting time and money into it? If so, what kind of STRs do well in Waco? Thanks for writing this article and generating a discussion.