New England STR Discussion

[Cliff H.]

This thread's for all my fellow New England investors looking for answers amidst this year's downturn. How things are going with your short term rental bookings? While everyone wants to bat a thousand every swing most all my area friends/colleagues running STRs across New England appear to be sharing similarly stories of significant downturns in bookings/demand this summer, particularly with AirBnB (which I've shared my own theories on elsewhere in the forums). 

Since data > stories. Here's a spotlight on south-central Vermont's occupancy courtesy of BeyondPricing.com's dashboard today, 7/23/23. For those not yet in-region or familiar, Vermont (and New England in general) is highly seasonal, with peak months being July-August and February-March. Based on Beyond's data, average July-August peak occupancies are down 20% within the current 2-4 week typical booking window and 40-60% farther out (not surprising given this year's trend on last minute bookings). 

So here's my call out to other New England area investors/managers: what are you seeing in your 2023 calendars? 

[Michael Baum]

Quote from @Bonnie Low:

What a great space @Melissa Silk! I have to ask what washer/dryers you bought. We're having trouble getting laundry done in our STR. I'm wanting to replace them with a more commercial-type unit.

 So if you are interested, check out https://blog.yaleappliance.com...

They have tons of info on many different appliances. They also have a huge service department and they keep stats on repairs of all products and list them out. It is a great blog.