All Forum Posts by: Garrett Brown

You're doing a great job Mr. Brown! The quality and depth of STR insight has improved considerably and we truly appreciate your efforts. Keep it up!

I have one theme that maybe is too deep lol..but keeps coming up from many of our STR investors..where does weather and climate risk factor? Or does it..things like costs of insuring and areas that might be both less prone or more likely to experience migration in the coming decades? For example: Not sure it counts as 'weather' but some of my clients are understandably have a redline about being out of the Tsunami zone. Another is prime oceanfront homes along the Coast that have increasing erosion concerns - some that are perilously close to the properties. There is literally less oceanfront...but it is softly driving demand in areas unaffected by that type of risk. In fact- one of clients even purchased an elevated oceanfront property, at least partly in response to being affected by the LA Fires..There was a great series by Yahoo a few years ago entitled: Finding Safe Haven in the Climate Change Future where they analyzed each region by risk and 'benefit.' It was produced several years a go and I'd be super interested to see how the community feels or has concerns or related considerations before investing in a region or area? Such as excluding properties in flood zones or high wildfire risk areas?

I've been increasingly incorporating data from https://firststreet.org/ into analysis and projections. They have some impactful insight.

The right STR property is always a good buy.

The short-term rental market, at least here in Colorado, has birfurcated. You either go:

-- Small and unique couples getaway. Think cool A-frame with awesome amenities.

-- 5br+ vacation rental for big groups.

The good-enough but bland 3br cabin just doesn't cut it anymore. My two cents, at least.

New Orleans is interesting but not surprising. NOLA attracts a lot of corporate outings & maintains a lot of tourism (rightfully so). It also gained a lot of traction this past year with the UFC & Superbowl coming to town. Believe people started noticing the potential NOLA has for hosting large events outside of the typical jazz fest, Mardi Gras, etc.

My understanding of New Orleans STR laws is that it has changed drastically the last year or so. I haven't dug a lot into it & know there are a few STR hosts on BP operating there. If I recall correctly, the operator must now occupy the same lot as the STR itself. Basically requiring duplex or rooms instead of entire homes. I also believe they implemented a lottery system on who actually can get a STR permit within city limits.

I suppose this is a way to ensure hotels in the city remain full & active. Similar situation in Biloxi, MS where I have a STR. No permits within a certain distance of the casinos/hotels. Kind of interesting approach when it comes to maintaining tourism to your big drivers.

Yes, I read all of their lists.  I don't invest in these but I was interested in the top 15 favorite islands in the Continental US and Marco Island is 6th which is where I invest.

https://www.travelandleisure.com/worlds-best-awards-2025-isl...

Been operating in Greenville SC for 2.5 years, slightly outside the city limits as mentioned above by @John Underwood

Have looked at a fair number of properties in #1, 3, 4, 13 & 15. Santa Fe has great numbers and I was close to putting in offers until I spoke with the city last fall. They were close to their STR permit limit at the time and were waiting until the spring to open up the application process, at which point they were likely to exhaust the remaining supply. Could still be a "outside the city limits" play.

Honolulu, NYC and Boston seem like a no go between regulations and entry prices. Nashville, Charleston and Austin seem tough as well.