Short Term Rentals / RB&B best markets

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Short Term Rentals / RB&B best markets

Helen Lancheros
Member since 2023 · 2 posts · 0 votes

Hi Everyone,

My husband and I are looking to invest out of state in short-term rentals or Airbnb properties. Can you suggest the best markets or cities to invest in currently, focusing on cash flow and home appreciation?

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Jacob Brenyo
Property Manager · FL · Member since 2022 · 23 posts · 26 votes
2y

Hi Helen,

I have clients actively investing in a few different FL markets.

I will say your budget for both the property and furnishing will dictate the type of returns you can expect. The easy money days are over. Only superior design and amenities are winning.


A few markets with strong cash-flow and lower saturation would be Bradenton FL, Clearwater/unincorporated Pinellas County and Hollywood FL. Not saying you can't find slam dunks elsewhere, but these are markets where my clients are actually making great returns on their investments.

Feel free to message me if you'd like to discuss more

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  • Bradley BuxtonBusiness Member
    Real Estate Agent · NV · Member since 2023 · 1k+ posts · 715 votes
    2y

    @Helen Lancheros

    This is a very much "it depends" questions. This will queue agents touting their local area. It's easiest to work with STRs in your local area and can self manage at least at first. How much capital, time, and energy can you put in to markets farther from your local area. In the Reno Tahoe area there are great STRs and there are not great ones and it depends on how they are managed. What is your goal of owning a STR? How much are you willing to risk if vacancy goes down? Factor in startup costs for furniture and marketing.

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  • Travis TimmonsPro Member
    Rental Property Investor · Ellsworth, ME · Member since 2021 · 1k+ posts · 2k+ votes
    2y

    It's a "what can you do that is really hard" real estate market at the moment; STRs are no exception. The easy money is gone. Your ability to execute on a good strategy and be a good host is more important than the market that you choose. I would say to stay away from the "influencer" markets like The Smokies, Joshua Tree, etc. AND try to find a market where you do not have to compete as much with 2nd home demand - a place where people go to vacation but is not top of mind for a rich guy's vacation home destination (ski town, lake house, etc.).

    If you are asking for the secret market that returns 20% cash on cash without any renovation or difficulty, that doesn't exist. Lean into your skill set, network, and any unfair advantages. 

    2Reply
  • Jacob Brenyo
    Property Manager · FL · Member since 2022 · 23 posts · 26 votes
    2y

    Hi Helen,

    I have clients actively investing in a few different FL markets.

    I will say your budget for both the property and furnishing will dictate the type of returns you can expect. The easy money days are over. Only superior design and amenities are winning.


    A few markets with strong cash-flow and lower saturation would be Bradenton FL, Clearwater/unincorporated Pinellas County and Hollywood FL. Not saying you can't find slam dunks elsewhere, but these are markets where my clients are actually making great returns on their investments.

    Feel free to message me if you'd like to discuss more

    2Reply
  • Helen Lancheros
    OP
    Member since 2023 · 2 posts · 0 votes
    2y
    Quote from @Bradley Buxton:

    @Helen Lancheros

    This is a very much "it depends" questions. This will queue agents touting their local area. It's easiest to work with STRs in your local area and can self manage at least at first. How much capital, time, and energy can you put in to markets farther from your local area. In the Reno Tahoe area there are great STRs and there are not great ones and it depends on how they are managed. What is your goal of owning a STR? How much are you willing to risk if vacancy goes down? Factor in startup costs for furniture and marketing.

    Thank you for the feedback. Just thinking what other investment options are in other States besides FL.
    0Reply
  • Andrew SteffensBusiness Member
    Tampa, FL · Member since 2022 · 3k+ posts · 3k+ votes
    2y

    +1 for Florida :)

    I am closing deals currently for my buyers that are cashflowing and appreciating despite the rates!

    [email protected]813-563-0877
    Vacation Rentals of Florida53 Reviews
    WebsiteView Page
    2Reply
  • Annie Seurer
    Investor · West Palm Beach, FL · Member since 2024 · 90 posts · 47 votes
    2y

    Hi Helen!

    +2 Florida. Also some great markets in NC, and NC is growing tremendously. 

    Where do you and your husband like to travel? I always think that's a great place to start when looking to invest out of state.

    I also agree with what most said - design, amenities and furnishings will drive revenue. You can no longer skimp on these and design the STR as if it were your home - guests want a special experience.

    1Reply
  • Sarah KensingerPro Member
    Real Estate Consultant · OH · Member since 2023 · 2k+ posts · 1k+ votes
    2y

    This answer all depends on personal preference and budget. Everybody has their ideas which can confuse an investor all the more! But once an investor narrows down what areas draw them and then a budget, clarity starts to come.

    [email protected]330-557-3021
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