All Forum Posts by: Brian Barch

 North GA mountains

As another mentioned, I would just enter with caution, and many subtly push products or strategies for their benefit. Because when they get big enough, the hey start to make more money from YouTube than STR.

So you start to get sensationalist headlines and clickbait content, pumping the next avenue to wealth (you'd swear everyone is now a traveling nurse and thus you should pivot your STR to MTR!!!).

Once again, not all bad, and also a lot of good, just be cautious. 

 Agreed. I’ll stay in a hotel for business travel, but with 3 kids, I will forever be on the lookout for whole spaces where we can spread out. 5 people in 2 queen beds and a floor sleeper in a hotel room almost sounds like torture now…

I think this gets asked a few times a week.

Airdna says demand is growing, but slower than supply.

Certainly the Wild West days are gone. You can’t just buy a crappy place with no design or unique features and hope it will do well. 

But that doesn’t mean there isn’t still opportunity. Also, many do this in conjunction with using the homes as their vacation places.

The real key here is regulations, which are taking hold in many places as STRs got scapegoated for the housing affordability crises. It may take a few years for that part to shake out.

Are you asking when compared to 2021 (the anomaly super year)? Or compared to a normal year like 2019?

I don’t think 2021 was ever intended to last

Please don’t try and time the market down to the month. This is NOT the way to go about investing.

do your research/math, find the deal, buy and hold. Whether you bought in Feb or Sept of 2023 will have little to no bearing 10 years from now, and certainly not if waiting led to a missing out on the best house

Ants and a dryer not working are two things that could crop up on the best host. Let them know and give them an opportunity to respond. To me, those 2 issues don’t warrant a bad review. Give them the opportunity to be responsive

Some of mine are personal to me, and not necessarily what I would prescribe to others:
1) no HOA

2) no condos

3) a permanent moat of sorts. Could be a mountain view, proximity to town, etc. something non trendy that will always be valued

4) generally a lower tax state

5) minimal weather/natural disasters 

Bought first STR a few months back, also doubles as our vacation home. I want to get through a busy season (summer) and see how it goes. Would love to acquire a second STR in the second half of the year depending on how things shake out. I think it would be fun to find an off the beaten path STR market with sun $250k homes, I know they exist out there, just need to do a little digging.