Resources

Join the Effort to Build a Better Vacation Rental Industry in the Poconos

Short-term Vacation Rentals Matter in the Poconos For as long as there have been vacation homes in the Poconos, there have been vacation rentals and the vacation rental business is a big part of the ongoing prosperity of the region. With the rise of AirBNB, VRBO and other Online Travel Agencies, the visibility of the Poconos has grown beyond visitors and tourists, it has drawn the attention of people...

Pocono STR Owners Answer the Question: Would You Do it Again?

I am a realtor who specializes on helping people find vacation homes that they can use as a short-term rental. My clients range from young first-time real-estate buyers all the way to sophisticated investors who have large portfolios of income properties and support staff to guide their decisions. Often, I am asked to provide my opinions as to the state of the market and where I see things headed. With...

What is Turnkey STR?  Factors to Consider When Buying a Short-Term Rental Business.

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...

Ins and Outs of Investing in the Poconos

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...

STR Analysis – Running the numbers

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...

Beyond the Numbers, Finding your Niche in the Poconos STR Market

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...

Getting Help with your STR business in the Poconos

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...

Can you use a Vacation Home Mortgage to buy a STR Business?

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...

Finding the right place to start your STR business 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 booking platforms like VRBO and Airbnb which have put additional...

Turn Your Land into a Money-Making Campsite

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...

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