Short Term Rental (Airbnb and such) in Provincetown Cape Cod
I've been going to Provincetown, Cape Cod twice a year for the last 12 years and watching the weekly rental triple or more over the years. I think it's time for me to own a place and use it when I go there, and rent it out for the rest of the year. Any advice for STR in the Cape Cod, Provincetown in specific? What strict rules and regulations I need to know? Thank you in advance!
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I grew up there and I don't know of any rules and regulations but I do know that P-town is ONLY an 8 to 12 week town. By that I mean that that out of the 52 weeks of the year there are only about 8-12 weeks (summer time) of high rents. You could get some perhaps around the holidays but not much. Be very careful you budget for those 8-12 weeks taking care of your mortgage and all the other expenses for the remainder of the year.
I've run the numbers myself a few times and couldn't really make them work.
It's crazy how right after Labor Day it's like someone pulled the plug on a raging party.