Short-Term & Vacation Rental Discussions

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Jenelle Marie
  • New to Real Estate
  • New York
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Upstate NY STR Friendly Towns

Jenelle Marie
  • New to Real Estate
  • New York
Posted Apr 26 2022, 13:16

I've been looking to invest in upstate NY in areas such as Rhinebeck, Catskill, Hudson, Newburgh, Saugerties, and Kerhonkson. I know Woodstock and Olivebridge are very restrictive but am wondering which towns don't have severe limits on the number of days per calendar year that you can rent your property short term. Any recommendations? 

Upstate New York, New York

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Replied Apr 26 2022, 17:26

I don't believe Newburgh has any restrictions on STR's.

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Replied Apr 30 2022, 14:03

Ellenville requires multi family properties to be owner occupied for at least one unit, which has killed a few deals for me. 

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Sanderson Mittnacht
  • Investor
  • Chatham, NJ
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Sanderson Mittnacht
  • Investor
  • Chatham, NJ
Replied May 7 2022, 22:44

Hunter and Windham are very STR friendly. I'm an out of state, first-time investor up there. Let me know if you ever wanna connect on specific topics!

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Yon Jones
  • Real Estate Agent
  • New York & Colorado
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Yon Jones
  • Real Estate Agent
  • New York & Colorado
Replied May 17 2022, 09:39

Hey Jenelle!
I currently own a STR here in the city of Newburgh, which has been a lucrative and successful venture. We owner occupy one unit of our duplex and STR the smaller unit. We opened up our doors at the height of COVID in February 2020. Our average occupancy is 18 days per month and there is currently no limit on occupancy days. Open to answering more questions you may have specific to Newburgh.

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Sean Bramble
  • Investor
  • NYC/ Oklahoma
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Sean Bramble
  • Investor
  • NYC/ Oklahoma
Replied May 17 2022, 09:59

Be sure to keep a pulse on demand in upstate NY as you underwrite … I was looking in Hunter/ Windham but have noticed revenues fall off a cliff in March/ April (vs 2021) … not saying you can’t find a great deal that returns, but be conservative w/ your revenue assumptions bc the pandemic years could have been an anomaly. Pricelabs and Airdna have the info you need. Good luck!

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Sean Bramble
  • Investor
  • NYC/ Oklahoma
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Sean Bramble
  • Investor
  • NYC/ Oklahoma
Replied May 20 2022, 11:59

update on Hunter/ Windham area for anyone reading these threads ... shoulder season revenues continue falling off a cliff vs 2021 ... will be interesting to see how the summer goes. A lot of folks visiting these areas were from NYC ... deep pockets ... people who would normally get on planes to fly to Colorado/Florida/Caribbean, etc. I wonder if they're simply returning to old travel patterns ... we'll see