All Forum Posts by: Steve Bebek

If you are serious about acquiring an investment property there and plan to utilize it as a short term rental I would recommend running the numbers on AirDNA to get a better idea of the revenue you can bring in each year - I would also do some research to see if traveling nurses are in the area if you plan to utilize the property as a midterm rental - either way, an MTR or a STR will produce more income than a LTR in most cases, best of luck!

Hey Steve, 

I am a local real estate agent and a multiple STR owner operator. There's big changes that have just been implemented in the City of Bend. They just approved changing the 250ft separation rule to 500ft. This will make buying currently legal STRs very difficult because you will have to get them re-qualified. It also makes finding a currently unlicensed properties very difficult to get licensed. It's a hot mess honestly.

In regards to Sunriver... in almost decade of doing this I've not seen many Sunriver STRs do very well. They are great to offset the expense of having a second house but don't do the numbers that are commonly associated with a highly producing STR. That area is just so oversaturated that nightly rates are cheap. And it's very seasonal.

Not trying to poo poo your idea. Obviously I'd love to represent you in a purchase but I just wanted you to know that literally as of two weeks ago... things are different here in Bend. 

feel free to reach out to me privately. I've worked with lots of STR investors here in Central OR and would love to share my knowledge

Cheers

Steve, I am curious to hear more about your goals We have began converting a large portion of our property to MTR. We currently have 1 in Savannah and it is doing exceedingly well. Lot of travel nurses, movie studio crew members, and working professionals. I personally love it because it is hands off like the longterm rentals with twice the rent. Currently we are getting $2400 per month for a 2/2 condo furnished that we are $65k all in for plus $8500 in furnishing. These same condos are selling for $110-120k right now but only one other friend of mine is taking advantage of the MTR option in the community. We own 12 and are beginning to convert them all.

 Not sure a seller would allow that before a accepted offer.