Opportunities in Carbon County and Monroe County
(the Southern Poconos)
The end of the third quarter is a time of significant transition in the vacation home market in the Poconos. The busy summer vacation season has wrapped up, and for some it is time to look at their position and perhaps make some changes. As a realtor focused on helping buyers find vacation homes theyContinue reading “Pocono Short-term Rental Market Real Estate Update – Fall 2022”
It seems that a growing number of investors and companies that support them are feeling very positive about investing in vacation homes in the Poconos and the future of Short-term Rentals in the region. Popular YouTuber Edward Lui states the Poconos are the Best Airbnb Market in the Nation, Airbnb put the Poconos in theirContinue reading “Are the Poconos the Best AirBnB Market in the Nation?”
Some communities are more friendly to VRBO and Airbnb, others oppose the practice. Here is an summary drawn from various HOAs (Home Owner Associations) and township regulations. Last Updated: November, 2022 Many of the homes in the Poconos and neighboring counties were built as second homes and vacation getaways. Some have been turned into incomeContinue reading “Short-term Rental Friendly Pocono Communities”
Many of the inquires I get ask is there are service providers to help with getting a STR started and then keeping it going. Since Tourism is the main business in the Poconos, the answer is yes. Below is a list of firms that have been mentioned by clients, other realtors or that I haveContinue reading “Short Term Rental Service Providers in the Poconos”
There has recently been a rise in properties for sale that are described as “Turnkey STR,” a term that has come to mean a property that is fully operational as a short-term rental and being sold as a complete package. These are often properties that have recently been upgraded, are very tastefully designed and furnished,Continue reading “What is Turnkey STR? Factors to Consider When Buying a Short-Term Rental Business.”
As a realtor, focused on helping buyers find vacation homes they can also use as STR, I keep an eye on the market and help identify trends that can help my clients. As one measure of the health of the market for vacation homes in the Poconos, I tag communities as STR-friendly (indicated with aContinue reading “Pocono Short-term Rental Market Real Estate Update – Summer 2022”
It’s an age-old debate about investing, it is an art, or is it a science? When it comes to the science, good investors have data. One way to get data is to go to Airbnb, VRBO and others, search for properties, look for ones similar to what you are seeking and gather rate information firsthand. Continue reading “STR Analysis – Running the numbers”
I spend a lot of time with customers who have big visions of success in the short-term rental business and they often ask me questions about a property’s ability to generate profit. Many have use data tools like PriceLabs or AirDNA to help them understand the market and the opportunities that currently exist there. TheyContinue reading “Beyond the Numbers, Finding your Niche in the Poconos STR Market￼”
Zoning, Rules and Regulations regarding Short-term Rentals, VRBO and AirBnB are changing in the Poconos, here is a scorecard of municipalities and what they say about running a short-term rental from your vacation home or income property.
If you found your way to this page, you are likely looking to build a Short-term Rental business in the Poconos. If you don’t live in the area or haven’t work here, you might be worried that you’ll have to go it alone. That is not the case, there is a whole industry built aroundContinue reading “Getting Help with your STR business in the Poconos”
As we enter 2022, competition is still intense for properties that can be used as vacation home rentals here in the Poconos. The rapid rise in prices looked like it was slowing down in late 2021, but demand seems to have risen and prices have taken off again fueled by a number of factors. ThatContinue reading “Can you use a Vacation Home Mortgage to buy a STR Business?”
As a realtor who specializes in helping folks find vacation homes, I’ve gotten a lot of questions about the business of vacation home rentals. Here are some thoughts about the business of vacation home rentals. Are vacation home rentals in the Poconos a new thing? First, some history: much of what is referred to theContinue reading “Ins and Outs of Investing in the Poconos”
The Poconos have been a popular vacation destination for generations. Vacation communities continue to be built for second homes and investment properties and the practice of renting them for short periods is as old as the manmade lakes which were built around. The rental business has surged in recent years with the rise of bookingContinue reading “Finding the right place to start your STR business in the Poconos.”
Short-term Rental Properties are different from Long-Term Rental Properties and the smart investor will have a plan. As a realtor, I field a lot of calls and interest from people who are interested in investing in a Short Term Rental (STR) property in the popular vacation home area of the Poconos. Some of these inquiresContinue reading “Running a Short-term Rental Business is Running a Hospitality Business”
There are indeed risks associated with regulations that will impact a STR Business. Operators who are willing to invest time and effort to influence the political forces that impact their business can help minimize that risk. Here we explore how.
Stocks market indexes are trading at record high levels, bond markets are strong, and the price of real estate continues to leap upward. Rarely (if ever) have all three of these investment areas risen so sharply in unison. With the ability for many to work remotely or build a business from home, the demand toContinue reading “Is now the Right Time to invest in a Vacation Home in the Poconos?”
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