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 to move out of urban areas has become much more than just a reaction to the...
Throughout my career, I’ve had a number of opportunities to start-up new businesses and like most entrepreneurs, my history has some succees and some failures. I had the good fortune of turning GradSchools.com from a quirky start-up to a market leader only to follow that up with an online guide to wine called ClassicWines.com that was a dud. Timing has a lot to do with being successful and sometimes you...
Is it legal? The Poconos are well known for vacationing and recreation. Tourist revenue in the Pocono region (defined as Carbon, Monroe, Pike and Wayne counties) has been the main economic engine in the region and the area is responsible for approximately 1/3 of the state’s hotel tax revenue. In Pennsylvania, like other states, short-term rentals are taxed just like hotels. If you operate a short-term...
Moving from New York to Pennsylvania? Consider Carbon County, Pennsylvania’s secret Vacation Retreat
My Story: Mark Shay, Palmerton PA In 2006 I sold an internet marketing company and with some cash in my pocket I decided to invest in a vacation home near Blue Mountain Ski Resort. At the time, I had a house in Delaware County, outside Philadelphia and I wanted a “mountain house” that I could get to in 90 minutes. That ruled out the many vacation home communities like Arrowhead Lake,...
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