Trying to decide on STR Huntsville, AL

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Zeona McIntyrePro Member
Real Estate Agent · Boulder, CO · Member since 2015 · 284 posts · 226 votes
4y

Hi @Stephanie Gothart, since @Brandon Hardiman mentioned that short-term is technically not legal and @Steve Stinson mentioned that Hunstville is common with the short-term workforce, you may want to look into Medium-Term or month-to-month rentals. These are still furnished rentals, but being longer usually helps you avoid taxes, license requirements, and laws. The tenants still pay 1.5x market rate and its lower maintenance with less turnover and expenses than short-term. 

Podcast Guest on Show Seeing Greene: Why Are My Rental Property Returns Looking So Bleak?
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  • Brandon Hardiman
    Investor · Huntsville, AL · Member since 2021 · 15 posts · 8 votes
    4y

    Well it's not a simple answer really. It depends on your goals, properties, etc... Short term rentals (less than 30 days) are theoretically not allowed in Huntsville, but it's not enforced unless you have complaints. You just have to be prepared for a new city official to come in and change that. Now it is getting more competitive so you can't just throw whatever on the market and expect to do great. You need a nice(ish) property, good design, photos, etc... Also if you are just wanting a property manager, I imagine you are open to paying around $10-$15k to furnish each one depending on size? There are some recommendations for people who can manage/cohost for you. If you want feel free to reach out and we can discuss more.

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  • Steve StinsonBusiness Member
    Real Estate Agent · Huntsville, AL · Member since 2021 · 93 posts · 83 votes
    4y

    @Stephanie Gothart the first thing I look for when clients want to investigate short-term rentals in the Huntsville area is whether or not there is an active HOA for the neighborhood. All newer communities will have restrictions on the length of rental leases, either 6 or 12 months. Many active HOAs are amending their CC&Rs to add these restrictions. If you set up in a home not covered by an HOA there's a better chance of not being reported. I think our market is more suited to the short-term workforce market than a traditional vacation/destination retail. You should purchase property that will perform if it has to be converted from short-term to a traditional rental.

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  • Andrew Street
    Member since 2019 · 1k+ posts · 292 votes
    4y

    Hello Stephanie,

    I just sent you a message!

    I believe we can align on your questions!

    Thanks,

    Andrew

    0Reply
  • Zeona McIntyrePro Member
    Real Estate Agent · Boulder, CO · Member since 2015 · 284 posts · 226 votes
    4y

    Hi @Stephanie Gothart, since @Brandon Hardiman mentioned that short-term is technically not legal and @Steve Stinson mentioned that Hunstville is common with the short-term workforce, you may want to look into Medium-Term or month-to-month rentals. These are still furnished rentals, but being longer usually helps you avoid taxes, license requirements, and laws. The tenants still pay 1.5x market rate and its lower maintenance with less turnover and expenses than short-term. 

    Podcast Guest on Show Seeing Greene: Why Are My Rental Property Returns Looking So Bleak?
    2Reply
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