[BrianL99]

Originally Posted by Villager2be

Hi All, thrilled to have found this forum, looks like a great source for exchanging ideas/info!

My wife and I are from NJ, visited last month and decided we'd love to buy a place in Eastport that we can enjoy for a couple of the snowbird months, but also be able to recoup as much of our expenses by doing short term rentals the rest of the year (most likely using a management company).

We are considering either a 3 BR Cottage or one of the Patio Villas, ideally we would love to break even after factoring in lost interest on our cash purchase (not sure break even is possible, given rental supply/demand outside of snowbird season).

That said, would greatly appreciate if those in the know, would please offer their view and possibly include thoughts on the following:

1. Does one of these models make for a better short term rental place, i.e. does one typically provide a better return on investment?
2. Is there decent enough demand in the March through December period or does supply greatly outweigh demand? Is it realistic to think we should be able to break even?
3. Do you get a good return on the added purchase cost of a 3rd bedroom, or most short term renters don't need the 3rd bedroom, i.e. 3/2s rent for similar $ as 2/2s?

(I understand and expect our first year will be challenging since Eastport is still being built)

Thanks so much!

That's great. The Villages needs more Short Term Rentals. It's wonderful for the neighborhoods. At least it's in the South, so no one really cares if there's another STR down there.