Shot term rental question

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Shot term rental question

Brian Cerezo
Investor · Nyack, NY · Member since 2020 · 34 posts · 36 votes

I know this question has been asked a lot . I currently have a few long term rentals but want to get into short term rentals.

Any up and coming areas or any recommendations on areas would be much appreciated.

1Reply
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Collin HaysBusiness Member
Property Manager · Gatlinburg, TN · Member since 2020 · 3k+ posts · 4k+ votes
3y
Quote from @Brian Cerezo:

I know this question has been asked a lot . I currently have a few long term rentals but want to get into short term rentals.

Any up and coming areas or any recommendations on areas would be much appreciated.


 I bet short term rentals can work right in your own backyard!

[email protected]806-672-7102
SMOKY MOUNTAIN FALLS INC.51 Review
WebsiteView Page
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  • Collin HaysBusiness Member
    Property Manager · Gatlinburg, TN · Member since 2020 · 3k+ posts · 4k+ votes
    3y
    Quote from @Brian Cerezo:

    I know this question has been asked a lot . I currently have a few long term rentals but want to get into short term rentals.

    Any up and coming areas or any recommendations on areas would be much appreciated.


     I bet short term rentals can work right in your own backyard!

    [email protected]806-672-7102
    SMOKY MOUNTAIN FALLS INC.51 Review
    WebsiteView Page
    2Reply
  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    3y
    Quote from @Collin Hays:
    Quote from @Brian Cerezo:

    I know this question has been asked a lot . I currently have a few long term rentals but want to get into short term rentals.

    Any up and coming areas or any recommendations on areas would be much appreciated.


     I bet short term rentals can work right in your own backyard!

    That would be the best place for your first one then expand into other areas if you like.it.
    1Reply
  • Jonathon Howell
    Rental Property Investor · KY · Member since 2023 · 5 posts · 5 votes
    3y

    Hey Brian,

    We have a STR in Sevierville TN and it is a great market although there is a lot of competition. Alot of people like to invest in beach properties (Florida or Gulf Shores). The bourbon trail (Kentucky) is definitely something to consider as well.

    1Reply
  • Nancy Bachety
    Rental Property Investor · North Fork, NY · Member since 2016 · 1k+ posts · 631 votes
    3y

    What @Collin Hays said. And your area, if you live in Nyack, is a great starting point. Close proximity to NYC, the nearby state park, and a destination by itself for certain people. If not, stop looking for up and coming, look for tried and true. The key is making sure the numbers work no matter where. 

    1Reply
  • Brooklyn McCarty
    Investor · Member since 2022 · 1k+ posts · 754 votes
    3y

    Any true, regional drivable vacation market is here I would start 

    1Reply
  • Brian Cerezo
    OP
    Investor · Nyack, NY · Member since 2020 · 34 posts · 36 votes
    3y
    Quote from @Collin Hays:
    Quote from @Brian Cerezo:

    I know this question has been asked a lot . I currently have a few long term rentals but want to get into short term rentals.

    Any up and coming areas or any recommendations on areas would be much appreciated.


     I bet short term rentals can work right in your own backyard!


    I’m in NY. Maybe in the Catskills … not really sure where else tbh. Prices here are outrageous 

    0Reply
  • Ben Scarborough
    Realtor · Gulf Shores, AL · Member since 2020 · 153 posts · 76 votes
    3y

    Let me know if you would like to learn more about buying an STR in the Gulf Shores market! Happy to help any way I can.


    -Ben Scarborough 

    1Reply
  • Leslie Anne Morris
    Real Estate Agent · Smoky Mountains, TN · Member since 2022 · 1k+ posts · 984 votes
    3y

    Another vote for Smoky Mountains! I have 12 here. 

    1Reply
  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    3y
    Quote from @Brian Cerezo:

    I know this question has been asked a lot . I currently have a few long term rentals but want to get into short term rentals.

    Any up and coming areas or any recommendations on areas would be much appreciated.


     AirDNA's top 25 list is a good place to start if looking for ideas!

    https://www.airdna.co/blog/bes...

    [email protected]
    Harpoon Capital515 Reviews
    WebsiteView Page
    2Reply
  • Brian Cerezo
    OP
    Investor · Nyack, NY · Member since 2020 · 34 posts · 36 votes
    3y

    I really appreciate the reply! I’ll check this out 

    0Reply
  • Collin HaysBusiness Member
    Property Manager · Gatlinburg, TN · Member since 2020 · 3k+ posts · 4k+ votes
    3y
    Quote from @Brian Cerezo:
    Quote from @Collin Hays:
    Quote from @Brian Cerezo:

    I know this question has been asked a lot . I currently have a few long term rentals but want to get into short term rentals.

    Any up and coming areas or any recommendations on areas would be much appreciated.


     I bet short term rentals can work right in your own backyard!


    I’m in NY. Maybe in the Catskills … not really sure where else tbh. Prices here are outrageous 


     The Catskills do well.  I have a friend who has vacation rentals in that area.  

    [email protected]806-672-7102
    SMOKY MOUNTAIN FALLS INC.51 Review
    WebsiteView Page
    0Reply
  • Andrew SteffensBusiness Member
    Tampa, FL · Member since 2022 · 4k+ posts · 3k+ votes
    3y

    Florida has been doing well :D

    [email protected]813-563-0877
    Vacation Rentals of Florida53 Reviews
    WebsiteView Page
    0Reply
  • Zach Edelman
    Lender · New York, NY · Member since 2022 · 1k+ posts · 1k+ votes
    3y

    There's a decent amount of posts in this subforum about investing in specific upstate NY markets that I would certainly checkout/dig for.

    1Reply
  • Matt Owens
    Investor · Coeur d'Alene, ID · Member since 2023 · 20 posts · 15 votes
    3y

    Look for areas that are going to generate a lot of visits year round. I personally like to find areas that are versatile i.e. lake town in Summer and ski area in Winter. Close proximity to national parks is also nice. 

    1Reply
  • Brian Cerezo
    OP
    Investor · Nyack, NY · Member since 2020 · 34 posts · 36 votes
    3y
    Quote from @Collin Hays:
    Quote from @Brian Cerezo:
    Quote from @Collin Hays:
    Quote from @Brian Cerezo:

    I know this question has been asked a lot . I currently have a few long term rentals but want to get into short term rentals.

    Any up and coming areas or any recommendations on areas would be much appreciated.


     I bet short term rentals can work right in your own backyard!


    I’m in NY. Maybe in the Catskills … not really sure where else tbh. Prices here are outrageous 


     The Catskills do well.  I have a friend who has vacation rentals in that area.  

    Any chance he’s a BiggerPockets member that I can reach out to? 
    0Reply
  • Russell Grevler
    Property Manager · Catskills · Member since 2020 · 38 posts · 17 votes
    3y

    @Brian Cerezo

    Happy to chat. I own and manage several Catskills STR properties.

    1Reply
  • Dustin TaylorBusiness Member
    Realtor · Blue Ridge, GA · Member since 2020 · 62 posts · 22 votes
    1y

    Im happy to answer and questions about STRs. I own and manage a portfolio of my own in 5 different markets across the southeast. If you're interested in any market in Georgia I can help there as well. 

    [email protected]
    0Reply
  • Andrew Street
    Member since 2019 · 1k+ posts · 292 votes
    1y

    Hello Brian - If you're looking to move into short-term rentals, there are a few up-and-coming areas to consider. Places like Tampa, FL, Boise, ID, Asheville, NC, Detroit, MI, and Columbus, OH are seeing growth in tourism and demand, making them great options for STR investments.

    They offer potential without the heavy competition of more established markets. Just be sure to check the local regulations before diving in. Best of luck with your new venture! 

    I'd be happy to connect and discuss more.

    0Reply
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