Realtor · Camp Hill, PA · Member since 2016 · 69 posts · 17 votes
Any BP members have experience investing in the greater Ocean City, Maryland area? My wife and I have grown more interested in a vacation rentals/Airbnb/VRBO/short term rentals. The Atlantic coast shores attract many beach comers from Memorial Day to Labor Day. I am continuing to do research on the Eastern Shore area however would be interested in networking with other investors active in this market.
Few questions:
•Any suggestions on creating income in the off season?
•Is there a maximum distance for owning a productive rental outside the commercial district (i.e. Entertainment, boardwalk, restaurants...)? Berlin, Assateague...
•If we were to purchase a condo rental in smaller buildings with HOA fees, beside the flat fee should I anticipate additional charges if a large capital expenditure should arise?
•Should we be looking at a vacation rental that would provide more consistent income year round?
•Open to any general comments or feedback.
Thanks in advance,
Jason Stutenroth.
Jason Stutenroth
Hi Jason
Saw no one responded yet to your questions. I wish I could be of help but I am not. I have raised a few questions myself about rentals in the Ocean City Md area. I would like to have my own place sometime down there. I'm slowly looking at places now to get an idea how rentals work in the area and what is attractive to the renters.
Have you had an success finding your answers somewhere else?