Rental Property Investor · Hugo, MN · Member since 2014 · 283 posts · 257 votes
I live in the Twin Cities and would love to have a cabin up north. To pay for it it, I’d want to run it as a short-term rental. Is there anyone who manages places like that in the Moose Lake area?
Hi @Matt J.. Looks like a neat area! There are not many STR's in the area, but you do have the Moose Lake Resort as a main competitor with their own cabins.
You should spend some time seeing what cleaning companies are in the area as well as a handyman type person as well. Then you can decide if that specific area is right.
The average nightly is pretty broad from 90 to over 300 a night. Waterfront is bringing the bigger numbers of course.
@Michael Baum thanks for the response! That's the issue I see with this area is a lack of cleaning companies or maintenance companies, and it's not as big of a cabin destination area as Brainerd or Alexandria to have these short-term rental management companies in place.
Sand Lake Resort is another place nearby that rents out a few cabins, but that's about it. There's definitely not much for competition in the area, and it's only an hour and 40 minutes north of the Twin Cities, about 45 minutes south of Duluth.
So from what I can tell you are about 1.5 hours away from the area. You could just clean the cabin yourself. You are not that far away to make that feasible.
What about Mille Lacs Lake? There are a few nice places on the water and the nightly on the water is between 200-300 per night. I found 3-4 places on the water for under 300k.