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...
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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...
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...
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