looks at the “Ultimate ROI" question: “When buying a rental property, for investment purposes, what are the best markets?”
The criteria pointing to short-term rental profitability include real estate prices, local vacation rental rates, insurance, taxes, maintenance expenses and the popularity of a tourist destination. “The Southeast did extremely well this year, especially in non-luxury markets like the Smokey Mountains. There they have very friendly short-term rental regulations, it’s a four-season market and a five-hour drive from several major cities,” explains Andrew McConnell, CEO of Rented.com.
Florida came out on top of the list as the state with most destinations at 19. Surprisingly, California came in with 13 destinations, though because of high real estate prices, there weren’t any ranking higher than 44 on the list of 150. Texas hit the number three spot with 9 cities. Areas with a milder winter usually mean a longer tourist season.
Vacation
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Source: Forbes - 🏆 394. / 53 Read more »