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Short-Term & Vacation Rental Discussions

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Vincent Leclerc
  • Investor
  • Buffalo, NY
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Finger Lakes NY vacation rental

Vincent Leclerc
  • Investor
  • Buffalo, NY
Posted Apr 11 2018, 10:27

Hi, I am investing in the Buffalo area and I am looking at a waterfront properties in the finger lakes. Has anyone invested in vacation homes in this area? 

I need to better understand the numbers (how many weeks a year can it be rented / seasonality / taxes / cashflow / management fees...). 

I am looking at properties 3+ bed 2+ bath with access to the water in the $300-$400k range. Canusus or Canandaigua lakes. From what I see it can be rented between $250 and $400 a night depending on the season and taxes are around $10k. I was hoping to be able to rent 20-25 weeks a year and I am not sure if it's a reasonable assumption. 

Thank you!

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