All Forum Posts by: Sanjita Pradhan

Hey Sanjita! As Angie mentioned, your budget will determine what areas are the best to invest in Charlotte proper but I do think the areas surrounding uptown will perform well if you are willing to put the effort and resources to distinguish yourself from the competition. To get the most bang for your buck, I would focus on 4+ bedrooms since they are the least saturated in terms of inventory. AirDNA confirms this and has great resources for helping understanding STR performance and data.

Additionally, it is no longer good enough to have a nice house with furniture so focus on design that can distinguish yourself but also you must add amenities. Focusing on amenities was one of our top priorities when we were working with a my PM and interior designer. I own an STR by Lake Norman so I also agree with Wyatt that looking by there could provide fairly lucrative opportunities and the ease of access to the city. One of the things I was most surprised by is the amount of people that want to stay at our place for 30+ days in that area.

I am happy to provide additional info or connect you with people to help you continue building wealth. :-)