Hi Everyone,

I just purchased a multi family unit in Texas. This is our first out of state investment. I am now interested in purchasing a short term rental along Sam Rayburn or any other fun area in East Texas. Does anyone have any experience with short term rentals in this area? Please share your experiences, areas of interest etc.

Oil field workers.  Dats it mayne.

Originally posted by @Diana Fernandez :

Hi Everyone,

I just purchased a multi family unit in Texas. This is our first out of state investment. I am now interested in purchasing a short term rental along Sam Rayburn or any other fun area in East Texas. Does anyone have any experience with short term rentals in this area? Please share your experiences, areas of interest etc.

 I live near Sam Rayburn and they ones I see seem to do ok. I don't know the actual numbers though.

I live NE of Dallas, Cedar Creek Lake area. Rapidly growing city called Gun Barrel City. I'm a wholesaler in this area, just sold a Triplex (hopefully). Contact me if you might be interested.

@Diana Fernandez Check out the Lake Livingston, Lake Texoma areas. Lake areas are always a draw here in Texas.

You might look on VRBO and do a little research into the area you are looking at, see how far out they are booked, prices, how many homes are available, etc.

If you find a couple of great listings about like what you'd like to buy, make contact with the PM and ask all the questions! 

This is second hand, but I have a family member with a condo in Rockport.  They rent their unit out during the summer, and the big problem they run into is most vacationers only stay the weekend, rather than more lucrative weekly rentals.  I'm guessing this is because it mostly caters to Texans doing weekend getaways, rather than out-of-state visitors planning longer vacations.  Regardless of the reason, this has meant their income has been a lot lower than they were expecting (it basically just covers taxes and insurance).  

But FYI, they bought the condo mostly for their own use, so your mileage may vary.  I can't speak to how well it is managed and advertised as a vacation rental.