Investing in STRs
Hi,
My wife and I are exploring vacation rental opportunities. We live in NYC and we are looking to invest in STRs to offset some of our W2 income. We are open to suggestions on location. Would love to chat.
Thanks,
Angelo
Most Popular Reply
@Angelo Proto welcome to the forums and congrats on exploring REI.
I can't speak much on other markets, but Orlando is/has always been a top choice. It's a recognized destination globally with over 70M tourists a year. This area has been doing STR for decades before it was even a thing. We have a few dozen resort communities that are built specifically to be STR and you won't have to worry about zoning or regulations or even HOA cutting you out.
It is a very competitive market with so many units, so you do have to be a good operator and have a clean, attractive, well located and themed out home to stand out and perform well.
Happy to dive deeper if you like. Reach out anytime.
Best of Luck!