There are plenty of reasons to think about investing in a short-term rental property out of state.
When thinking about short-term rentals and Airbnb, people usually jump to thinking about great vacation destinations.
While this is true, there is a huge demand for vacation destinations and excellent properties in those locations.
Do not discount the fact that people are traveling to places within 50 miles of you.
Anywhere there are hotels proves there is a demand for short-term stays.
How to Select a Market
From a purely financial perspective, you will want to choose a market with strong rental demand, low demand for property, and good prospects for growth.
so it will be a balancing act to figure out which factors have the most weight for you personally.
Unfortunately, these factors are usually at odds with each other,
Here are some of the main expense categories:
Swipe up to Continue Reading!