Seeking Advice on Hot & Cold Markets for STR in 2024
Hi All - Looking for my next investment move and considering diving into the short-term rental market. Would love any advice on promising markets, as well as markets to stay away from the rest of 2024.
Curious to know:
1. Any upcoming markets with great potential/ any current strong markets that are not overly competitive
2. what key factors to consider outside location when choosing an STR market.
3. Tips to ensure success if you are located outside the state/city the property is located.
Any tips are appreciated and please feel free to reach out to connect!
- Brian
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#1 Short-Term & Vacation Rental Discussions Contributor
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- Greer, SC
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#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
I'd look at Carolinas costal towns.
Get a house over a condo if you can.
I've been looking at a beach house to rent in Myrtle Beach and they are pricely and calenders look pretty full.