Investor · Charlotte, NC · Member since 2017 · 25 posts · 10 votes
Anyone had success with STR in Charlotte? Have capital available, and to offset a large income year, considering using bonus depreciation on a few smaller properties ($350-500K) in Charlotte. Has anyone had success - or unique challenges - with the STR market in metro Charlotte? Willing to share?
Hi Christopher, I've been in property management here in Charlotte for over 3 years and have worked with several owners who've tried the short-term rental (STR) route. While there can be upside depending on the area, I've seen many owners end up unhappy due to frequent turnover, inconsistent income, and difficulty finding quality, respectful guests.
Personally, I tend to recommend longer-term rentals for their stability and more predictable cash flow, especially in a market like Charlotte where demand for long-term housing remains strong. Of course, location and property type play a big role, but in most cases, I’ve seen owners benefit more from the long-term model.
I’ve seen a lot of interest in the Charlotte market lately, especially with buyers looking to offset high-income years through real estate. That $350–500K range can go a long way here, and there’s solid opportunity with the right strategy. Short-term rentals are performing well in certain pockets, and I’ve helped clients navigate both self-management and working with property managers. Bonus depreciation is a smart move too. Just something to keep in mind—zoning, HOA, and parking rules can vary, so due diligence is key.
@Angela Dickerson thanks Angela. The main reason for this in my case would be just that - bonus depreciation in the short-term. And if I can make two properties break even in the exact price range you mention, the benefit makes sense.