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 their Top 10 most profitable markets in 2021 and Evolve, the popular Vacation home...
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Revised February 2023 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, are licensed as STR, and that have been generating...
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 the as the Poconos was started in the 1960s and 70s when families started getting second...
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. There you can read reviews and get some additional insight as to the property and its setting. With a strong...
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. They tell me they’ve run the numbers and then ask me what I think. My...
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 they can also use as a STR, I keep an eye on the market and help identify trends that can help...
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 a green light) and keep a tally of available homes in these communities. At the end of July 2021, there were just...
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 around vacation properties and vacation rentals. I’ve put together some partners that you might want to...
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. That has created several new problems for people looking to finance their purchase as appraisal gaps are once again...
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 booking platforms like VRBO and Airbnb which have put additional...