Is there a demand for Short term rentals in Kyle Texas?

Question

Does anyone have any information about the short term rental market in Kyle Texas?
I have an opportunity to get into a property that doesn’t have any true equity, but the terms are really good. I don’t see where a rental would make sense, so I’m trying to look at other options to cover the monthly payments until the market goes back up.

Blake Anthony Carter · Answer

We operate dozens of STR's around Austin. Kyle can have success with the right property but it really has to be the right property. Happy to review what you have and advise if it could work.

Aubrey Durham · Answer

Has a lot to do with the HOA. If you are open to other areas I would look at round rock, Georgetown, Pflugerville area. Where you pick will depend on your goals for cash flow and your budget to buy. Feel free to reach out if you would like more information.

Andrew Steffens · Answer

I would first check city/county STR rules and HOA (if applicable). Then you can check AirDNA.co (or similar site). I would also consult Airbnb/VRBO in guest mode to see how competition is doing. Good luck!

Matt Mertz · Answer

One of the first things you should do is to check the HOA rules to see if they allow STRs.

Garrett Brown · Answer

Is the property just a regular-style house or something you can build an experience around? If you are near a major city like Austin, you will always have a stream of guests you can find. You need a stay that they can't experience elsewhere. If you are getting a good deal on a place and it is just a regular-style house, I would run numbers compared to AirDNA and Mashvisor's estimated revenue. On regular houses, they are usually pretty accurate. If you are making a unique stay, you can almost 3-4x their estimate in my experience.

Michael Baum · Answer

Hey @Joe S. Have you checked VRBO and AirBNB?

A quick look at VRBO shows over 300+ listings so there is competition.

With it being about 25 minutes to Austin, it could work OK.

Of course there is a lot of research to be done. Drop the address into https://awning.com/airbnb-estimator

It works like AirDNA. It uses the same data. Would give you a good idea as to what to expect.

Mike Reynolds · Answer

I have a contact in the city dept of Kyle. I can at least find out the rules that go by or what they allow.

Robin Simon · Answer

Honestly if you are doing STR I would suggest doing Austin itself rather than all the way out there in Kyle - maybe a couple of years ago when the prices were through the roof in Austin city itself this would be a good alternative but there is a blip right now where you can get a god entry point in Austin (downtown/east ideally) for STR

Is there a demand for Short term rentals in Kyle Texas?

Is there a demand for Short term rentals in Kyle Texas?

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