88: Rookie Reply: Analyzing a Short-Term Rental Market
Episode description
Today, we have a question from Ashley to Tony, on a subject he has a lot of experience in. Ashley wants to know: How do you analyze a market for short-term rentals? Which factors come into play and how can you stay away from the markets that won’t work for short-term rentals?
This is a perfect time to ask Tony, especially since he’s looking to find a third market to invest in (outside of Joshua Tree and the Smoky Mountains).
Here are some suggestions from Tony:
Make sure you aren’t buying in an area that heavily relies on seasonality
Focus on mature vacation rental markets that have the infrastructure for short-term rentals
Double check regulations and zoning laws so you know you’re allowed to host a short-term rental
Look at the availability in the current market (are there any houses to buy?)
And more in the episode...
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
Links from the Show
Check the full show notes here: https://www.biggerpockets.com/rookie88
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