Best market for STR?
Hi Everyone,
I've recently tried pivoting my RE strategy and started trying to focus more on STR (currently 5 STRs in my portfolio) . Can anyone recommend and / or help replicate this model in other places? What STR areas are doing well right now / Pre Covid as well? Let's chat!
Most Popular Reply
excellent. I have 3 STRs in NC near the TN border.
My first was doing great pre-covid, and that prompted us to buy 2 more. Once covid it, we were shut down for about 45 days. Once restrictions were lifted, we took off better than ever. Highest rates and pushing 90%+ occupancy. Already on the hunt for another property (we had one under contract that fell through recently).
I'd like to venture and diversify into other markets as well but its tough to shy away from what we know and what has worked.