Florida vs New Hampshire Short Term Rentals? ( Who Wins )

[Christopher Lynch]

Hi All, 

I have been researching the idea of putting together a STR portfolio and eventually raising capital once I can create a predictable system around buying and Cash flowing these assets. The big concern I have with this asset class is the control element. It seems like many towns are creating new regulations around STR. It would be tragic to build a portfolio and have the local town come in and shut it down.

I currently have a Duplex that cashflows very nicely in Rhode Island. New Hampshire would be much easier to start with as a it is very drivable and they have winter and summer travel seasons. However, It seems like there is alot of opportunity in FL and it is only a short flight away. 

Is anyone building their STR portfolio in these states? If yes any feedback or advice would be awesome. Also, would love to hear some locations that are STR friendly in each state. I have been looking into the lakes area of NH so far.

[Greg Powers]

A New Hampshire Supreme Court ruling last week prevents municipalities from restricting short-term rentals in the state, so this should be a "safe" place to pursue STRs.  Here's a link to the story:  https://www.nhar.org/news/arti...

And Melissa Silk is correct--New Hampshire is a year-round vacation state.