We are looking at a multi-family asset in VT. We know the market area, but have never owned rentals in VT before. Project meets all our financial & other criteria, but I'd like to hear pros and cons from folks who have experience in this state. Anticipate a mix of 30-day (25%), seasonal (50%) and 1-year (25%) leases. Local management on site. Curious about evictions, taxes, anything state-specific.
What area are you looking in? One thing I will say about Vermont is even before the eviction moratorium, it is incredibly difficult to evict tenants in Vermont. The law leans heavily on the side of protecting tenants.