Cooperstown Vacation Rental

Cooperstown Vacation Rental

Investor · Albany, NY · Member since 2017 · 15 posts · 4 votes

Investment Info:

Single-family residence buy & hold investment in Cooperstown.

Purchase price: $177,000
Cash invested: $20,000

Seasonal vacation rental (AirBNB & VRBO). Also used as a family lakehouse that pays for itself

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Real Estate Agent · Groton, NY · Member since 2016 · 22 posts · 8 votes
7y

Hi Nick! Can you tell me more about your experience with AirBNB in Cortland? My husband and I were discussing it last month but did not know what the demand would be like in Cortland.

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  • Honolulu, HI · Member since 2018 · 21 posts · 9 votes
    7y

    Aloha Brian. I'm really glad you posted this because I'm very interested in the Cooperstown vacation rental market. Unfortunately, there isn't much posted about Cooperstown on BP. I'm looking forward to following your experience with this property. If you would, please share more details.

  • Investor · Albany, NY · Member since 2017 · 15 posts · 4 votes
    7y

    Sure @Chad Quillopo. So far we have a week long booking in July without having bought any furniture yet. I'd say that bodes well! What made you think of Cooperstown?

  • Honolulu, HI · Member since 2018 · 21 posts · 9 votes
    7y

    @Brian K. Congratulations on your first booking! Do you have a link to the listing that you can post? 

    What made me think of Cooperstown? I'm a big baseball fan, played almost my entire life. I visited Cooperstown for the first time this past July for Chipper Jones' induction into the HOF (yes, sorry, I'm a Braves fan). I did a sports travel tour that took us into town for a couple days and fell in love with the small town feel and baseball heaven. I went the tour route after having trouble finding accommodations for that weekend.  I wanted to capitalize on the Dreams Park and HOF markets. Is your booking for Induction Week?

  • Honolulu, HI · Member since 2018 · 21 posts · 9 votes
    7y

    Hey @Brian K., I just wanted to bump this post up and see if you have any updates on how the rental is doing.

  • Investor · Albany, NY · Member since 2017 · 15 posts · 4 votes
    7y

    @Chad Quillopo. Hi Chad. It is going well, we are still working on updating the property and have not posted pictures of the bedrooms or bathroom yet to guests, but still have 6/13 weeks booked already. We probably could have charged more for induction this year with Rivera being inducted. Next year for Jeter we expect a good chunk of change. Feel free to private message me if you would like some more details.

    -Brian

  • Honolulu, HI · Member since 2018 · 21 posts · 9 votes
    7y

    @Brian K. Hey Brian, just wanted to see if you had any updates on how your rental is going since it is now July and the induction ceremony is a few weeks away. 

  • Rental Property Investor · Ithaca, NY · Member since 2015 · 1k+ posts · 1k+ votes
    7y

    @Brian K.

    Congrats on your BnB. I just filled my whole month of July and I’m in Cortland, NY. You’re going to be happy you went AirBNB

  • Real Estate Agent · Groton, NY · Member since 2016 · 22 posts · 8 votes
    7y

    Hi Nick! Can you tell me more about your experience with AirBNB in Cortland? My husband and I were discussing it last month but did not know what the demand would be like in Cortland.

  • Investor · Albany, NY · Member since 2017 · 15 posts · 4 votes
    7y

    @Chad Quillopo

    Hey Chad. Hope all is well. We are up to 9 weeks booked, which we are happy with, especially because we didn't have the place ready until the day the first guest arrived. We actually dropped down to 4 bookings at one point, possibly because we didn't have updated pictures for so long, before adding the other 5. We have had an inquiry from a person interested in renting in the off season, but not sure that will pan out. Also, had some interest already in the fall season as well.

    Here is a link to the listing with updated photos:

    www.vrbo.com/1416312?unitId=1974699

    We have had good reviews and people seem genuinely interested in coming back and want to tell their friends. One of the 4 guests so far has also used our #campunadilla. Hoping to get more direct bookings next year as a result and build up a better direct bookings website before next season.

    Let me know if you have any other questions.

    Also, there is a person selling the property 3 doors down from me which has two houses on it, a cottage and a bungalow. He says he grosses about 40k.

    https://www.zillow.com/homedetails/7711-State-Highway-28-Richfield-Springs-NY-13439/31627788_zpid/

  • Member since 2021 · 1 post · 0 votes
    5y

    @Brian K. How are you making out with your rental?

  • Upstate NY · Member since 2020 · 5 posts · 2 votes
    3y

    @Chad Quillopo let’s connect, Cooperstown is in my business plan I’m in the area.

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