88: Rookie Reply: Analyzing a Short-Term Rental Market

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 19 June 2021

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, we have a question from Ashley to Tony, on a subject he has a lot of experience in. Ashley wants to know: How do you analyze a market for short-term rentals? Which factors come into play and how can you stay away from the markets that won’t work for short-term rentals? This is a perfect time to ask Tony, especially since he’s looking to find a third market to invest in (outside of Joshua Tree and the Smoky Mountains). Here are some suggestions from Tony: Make sure you aren’t buying in an area that heavily relies on seasonality Focus on mature vacation rental markets that have the infrastructure for short-term rentals Double check regulations and zoning laws so you know you’re allowed to host a short-term rental Look at the availability in the current market (are there any houses to buy?) And more in the episode... If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE). Links from the Show Airbnb Vrbo Check the full show notes here: https://www.biggerpockets.com/rookie88 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is real estate rookie episode number 88.
0:04.5	My name is Ashley Care and I am here with my co-host Tony Robinson and we are back with
0:12.6	another rookie reply.
0:14.8	Today, this topic is very, very special to Tony, so I'm going to let him take it away because
0:21.0	he's going to be the expert on this.
0:22.8	All right, I know we're all excited to get started, but let's take a quick break before
0:25.8	we dive into today's episode.
0:27.6	Are current interest rates making you depressed about cash flow?
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0:40.4	That's a seller financed 2.99% interest rate where the average cash flow is over $900
0:47.4	per month.
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0:52.9	with no PMI.
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0:58.9	what it takes to be successful in today's dynamic real estate market.
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1:14.2	and managed, allowing you to invest with confidence in the markets that offer the best
1:18.6	returns.
	...

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