Bethlehem, PA · Member since 2017 · 10 posts · 8 votes
My husband and I are looking for a vacation rental investment in the Poconos. We've looked at several areas, but seem to like the Split Rock/Lake Harmony area. We want an area that has high vacation rental occupancy rates. Any suggestions or advice from anyone who has experience in the area would be greatly appreciated.
Fund Manager · Wayne, PA · Member since 2009 · 1k+ posts · 1k+ votes
8y
@Susan Ticson I've been going up there for about 15 to 20 years, I think the Split Rock/Lake Harmony region is one of the best area for rentals.
The one good thing about the Poconos for vacation rentals as opposed to a beach property, it's possible to rent it throughout the year (as opposed to just the summer).
What's your strategy with the property? Are going to Airbnb the property? Or list with an agent? Post more traditional ads?
Investor · National · Member since 2017 · 123 posts · 101 votes
8y
Susan Ticson
I think one of the best pieces of advice about purchasing a property in the Poconos is that it’s a large area, make sure you do your homework on returns and find a local agent who has the right experience on rental properties. Return rates can vary greatly depending on the house location.
Bethlehem, PA · Member since 2017 · 10 posts · 8 votes
8y
Thank you, we are specifically looking in the Lake Harmony/Split Rock area if anyone has any advice or tips it would be appreciated.
Originally posted by @Account Closed:
Susan Ticson
I think one of the best pieces of advice about purchasing a property in the Poconos is that it’s a large area, make sure you do your homework on returns and find a local agent who has the right experience on rental properties. Return rates can vary greatly depending on the house location.
Fund Manager · Wayne, PA · Member since 2009 · 1k+ posts · 1k+ votes
8y
@Susan Ticson I've been going up there for about 15 to 20 years, I think the Split Rock/Lake Harmony region is one of the best area for rentals.
The one good thing about the Poconos for vacation rentals as opposed to a beach property, it's possible to rent it throughout the year (as opposed to just the summer).
What's your strategy with the property? Are going to Airbnb the property? Or list with an agent? Post more traditional ads?
Bethlehem, PA · Member since 2017 · 10 posts · 8 votes
8y
We just put an offer on a house today, so still trying to figure out the best way to go with renting it out. Had an offer on a house recently, but pulled it once the inspection came back. I would rather spend money on updates vs structural necessities to make the house safe to rent. In need of a good real estate accountant, as well. Only had shore properties in the past and rented the minimum amount only to barely cover the mortgage. Thinking of renting to profit and expand to multiple properties now.
@Susan Ticson I've been going up there for about 15 to 20 years, I think the Split Rock/Lake Harmony region is one of the best area for rentals.
The one good thing about the Poconos for vacation rentals as opposed to a beach property, it's possible to rent it throughout the year (as opposed to just the summer).
What's your strategy with the property? Are going to Airbnb the property? Or list with an agent? Post more traditional ads?