New Member to Bigger Pockets & STR investments!

[Justin Battiste]

Hello,

My name is Justin Battiste and I am based in southeastern, PA. My wife and I are interested in becoming real estate investors with a focus in STR properties. We have been listening to podcasts, reading articles, performing data analysis, and watching social media to try and educate ourselves on the best steps to get started and become successful. We understand this does not happen overnight, but we are motivated and determined to build a portfolio that we can be profitable from and be proud of. The Bigger Pockets resources have been terrific, but now it is time to try and connect with members that have experiences and knowledge of the STR segment of real estate in effort to help us take the next steps.

We have identified our key strategies and want to hear what other think about whether we are on the right path:

1.Type: STR investment (AirBnb/VRBO)

2.Market: Poconos, PA- specifically Lake Harmony/Blakeslee

3.Niche: Small Families/Friend Groups- 10 guests or less.

4. Pricing Scale: Midtier

5. Property Management: local companies that are recommended that will not be astronomical in price

Finally, for those with experience in the Poconos, what have your occupancy rates, ADR, and booking trends looked like over the past 12-18 months?

I thank you in advance for any feedback and support while we continue to familiarize and prepare ourselves to get started.

Sincerely,

Justin Battiste