Vacation Rentals- Airbnb
I am looking to start a vacation rental business and would like a few suggestions of growing markets ( Preferable beachfront) that have a growing job and employment market to help with appreciation on my assets . Could anyone give me some suggestions for this in the southeast United States
Thank you
Most Popular Reply
The Florida panhandle as well as the Smoky Mountain market are 2 of the best vacation rental markets in the country. However, true vacation rental markets don’t usually have a lot of jobs and industrial growth, they are mostly tourism driven.
As many major metropolitan areas continue to impose anti-short term rental regulations, property values in profitable true vacation rental markets will continue to rise, as it would be detrimental to the economies in those areas to impose any anti-STR regulations, so STR investors can safely move their investment dollars there.
With that being said, it’s wisest to bet on cash-flow, and just look at appreciation as a bonus. Betting on appreciation is speculation, and you don’t want to build an entire business on speculation.