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Updated over 2 years ago on . Most recent reply

Serge DuLaudAllemans's profile image
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Short-Term & Vacation Rental Discussions

Tips on buying first short term rental

Serge DuLaudAllemans
Posted

Hello all, I am in pursuit of an investment property I can make into a short term rental. However, I am not sure where to start. I wanted to ask you all for some advice on getting started looking for a market for STR's and doing the research to analyze certain properties in the market I choose. What is a minimum cap rate to shoot for? How much work does it take to manage a STR your own? Thank you in advance!

Fort Lauderdale, Florida
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
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  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
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  • Greer, SC
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Quote from @Michael Baum:

Hey @Serge DuLaudAllemans, I would start reading this forum. Just read everything you can and you will find a ton of info for you to digest.


 Good advice.

And as Leslie said I am looking more for COC and cash flow on a vacation rental instead of a CAP rate.

  • John Underwood
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