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875: BiggerNews: Top “Snowbird” Rental Markets with Year-Round Cash Flow w/Kristen Taylor

875: BiggerNews: Top “Snowbird” Rental Markets with Year-Round Cash Flow w/Kristen Taylor

FromBiggerPockets Real Estate Podcast


875: BiggerNews: Top “Snowbird” Rental Markets with Year-Round Cash Flow w/Kristen Taylor

FromBiggerPockets Real Estate Podcast

ratings:
Length:
39 minutes
Released:
Jan 19, 2024
Format:
Podcast episode

Description

Snowbird season is coming to THESE real estate markets. Every winter, millions of freezing northerners go south, seeking a temporary escape from the cold and to dethaw themselves before returning in spring. And while you may think that most of these destinations are expensive cities, like Miami, there are some cheaper areas that make not only perfect snowbird rental markets, but profitable year-round short-term rental markets as well.
On this BiggerNews, Vacasa’s Kristen Taylor joins us to give her take on the markets with the most demand and the once-popular markets starting to see declines, including a top-rated tourist destination you wouldn’t expect. Kristen shares updated numbers on how long snowbird season lasts, how the typical snowbird is changing, and why snowbird markets can be MUCH more affordable than year-round vacation destinations.
And if you’ve got equity in one of YOUR properties that you’d like to turn into snowbird rental property, stick around until the end. This episode’s Seeing Greene segment will answer the age-old question: what do I do with all my home equity?
In This Episode We Cover:
Snowbird season explained, how long it lasts, and who’s flying south
The top snowbird markets in America (and why some are MUCH cheaper than you’d expect)
Snowbird markets to stay away from that are seeing declining vacation populations 
Combining medium-term and short-term stays to make money the entire YEAR (unlike many short-term rentals) 
What to do with a property with a LOT of home equity: sell, get a HELOC, refinance, or keep it?
And So Much More!
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Check Out Dave On the “On the Market” Podcast
8 best Florida snowbird destinations
Book Mentioned in the Show
Start with Strategy by Dave Meyer
Long-Distance Real Estate Investing by David Greene
Connect with Kristen
Kristen's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-875
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Released:
Jan 19, 2024
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.