What kind of demand for STR Bulverde Texas?

Question

So I have a rehab on a property in Bulverde Texas. The house is a five bedroom 2 1/2 bath house. With an attached one bedroom one bath apartment. It has several acres and the property is situated where a person would have a very scenic view of the hill country. Bulverde Texas is basically a suburb of San Antonio. I’m trying to figure out whether or not to sell the property or refinance it and keep it as a short term rental. The property is too expensive to be a regular long-term rental. It is not in an HOA. I’m not sure if there is demand for this sort of product in Bulverde. It will definitely have to be more than the cheap bait and switch Short term rentals to take place in San Antonio.

Robert Finn · Answer

It may be worth testing the resale market!

For short term rentals in SA, the highest revenue grossing properties can accommodate 8-12 over night guests with a pool. The traffic back up on hwy 281 can be a hinderance and may result in negative guest feedback getting to and from downtown. The commute to the theme parks along 1604 is another hurdle. In my opinion, if you had a pool at this property it may be worth listing as an STR. Is the property running on sewer or septic?

Robert Finn · Answer

@Joe S. I'm no septic expert, but I know with higher occupancies guests will use your facilities to its max use. Depending what your current system is, I'd consider upgrading to accommodate the volume.

Andres Murillo · Answer

Spend time comparing occupancy rates, average revenues, and seasonality. Use some data driven tools to research Bulverde for these factors and then compare across other markets you feel confident with. I'll PM you a free data tool you can use.

Michael Baum · Answer

Hey @Joe S., what is in Bulverde that will bring folks there to stay? Like @Quinn Olivarez said, check the sites for other STR's in the area and see what's what.

Quinn Olivarez · Answer

Have you looked on Airbnb or VRBO for comparable properties in a Bulverde, and have you checked out what their occupancy is like? You should also look into local regulations. Good luck!

Joe S. · Answer

The property is on septic.

What kind of demand for STR Bulverde Texas?

What kind of demand for STR Bulverde Texas?

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