Jersey Shore Short-Term Rental Experience?

Question

Hey BiggerPockets community- I'm curious if anybody has had success (or experience) investing along the Jersey Shore with short term rentals? Any advice on which markets would be the best? Do you rent week-to-week or month-to-month? Are you cash-flow positive?

I'm aware that some towns have stricter Airbnb laws than others (7-day stay minimum V.S. 30-day stay minimum), and it can be hard to fill the units during the winter time. Any other red flags I should be aware of?

Appreciate any input, thank you!

Lindsay Op de Coul · Answer

Hi Dominic, we manage short term rentals for investors in Monmouth and Ocean County. From what we have seen Point Pleasant Beach does pretty well, although the market is tough right now, so it really depends on what your goals are. For example, we are working with one investor right now to purchase a STR but he is not as concerned about being cash flow positive since the house is also for personal use. So whatever income is generated from renting it, is just icing on the cake.

We like PPB because of its 7-day minimum (not to get mixed up with Point Pleasant Boro that has a 30-day min).  The price points of the houses are lower than a town like Bay Head, but the rents will be the same so you will see a higher profit margin.

Hope that helps at least a little!

Jason Tarabokija · Answer

Hey Dominic, I have a STR in Seaside Heights because of the revitalization there as well as their relaxed STR policies. They do not have a minimum night rental so it does well throughout the winter. I find that many people don’t want to rent for 7 nights (other town’s regulations) in the winter when they are traveling for a wedding, business, visiting family, etc., so it outperforms in the off season because of the lack of decent hotels in the area. The peak season, like the rest of the Jersey Shore, is going to be pretty much 100% occupied if operated correctly. I also own a STR management company and manage 7 units in the aarea. Reach out if you need any help, I’m local to Point Pleasant so I have a good grasp of the intricacies of the market.

Andrew Steffens · Answer

Hey Dominic I am originally from Atlantic County but reside in Tampa now.  I have around 90 units here in FL but do manage 3 in NJ, namely Tuckerton (LBI), Ventnor, and AC.  I manage these for friends, and they are cashflow positive.  LBI is really sluggish except summer and AC/Ventnor are sluggish but still have some life due to other attractions.  I do think there are better markets like FL to invest in, but you can be successful in NJ as well.

Dominic Rosato · Answer

Thank you @Lindsay Op de Coul and @Andrew Steffens for the advice, very much appreciated!

Jersey Shore Short-Term Rental Experience?

Most Popular Reply