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All Forum Posts by: Caelan Houle

Caelan Houle has started 0 posts and replied 7 times.

Quote from @Tyler Bushey:

Absolutely they do, even in competitive markets.  I'm in a hot market in Southern Maine and I'm at 9 deals already this year.  My suggestion is double your marketing until you're seeing the results you want.


 2nd this guy^

Hi Tyler, 

I would recommend coming to @Dan Webers monthly meetup in Portland where there are many house hackers and more experienced landlords who can help you through your journey!

Post: STR in Vermont /Maine/ New Hampshire/ Tennesse

Caelan HoulePosted
  • Posts 7
  • Votes 8

Hi Mari,

I will opine on Maine and NH only, as I live in Maine but have spent extensive time in NH as well. It somewhat depends on what specifically you are looking for. In this part of the country, the first thing to come to mind to me for the STR opportunity is the various beach communities that have long histories of STR business. This also helps shield you from regulatory risk as these communities have engrained STRs into their local economy. Some areas to take a look at on this front: Old Orchard Beach ME, Wells Beach ME, Kennebunk/Kennebunkport ME, York Beach ME, Hampton NH, Seabrook NH. I'm sure there are more I am forgetting, but these are the areas I am familiar with.

There are some naitonal providers of STR debt too I would look into that as well. Make sure your property insurance covers STR as well.

Personally, I am most bullish on the surrounding areas of Portland, namely Westbrook, South Portland, Scarborough, Old Orchard, Saco, and Biddeford. I guess I would include Falmouth/Yarmouth there as well. Thats just my opinion however. 

@Dan Weber Hosts a really great monthly meetup. He just had the March meeting but keep your eyes open for the April one when it's announced.