Vacation Rentals Are Officially on Sale: Where They’re Worth Buying

Dave: Vacation markets were some of the biggest winners of the pandemic housing boom, but now a lot of those same markets are starting to look very different. Sellers are cutting prices, buyers have more options, and although some short-term rental operators are struggling, it has made me wonder, could it actually be a good time to get back into the short-term rental market? I’m Dave Meyer, and today I’m joined by Garrett Brown, short-term rental expert and content creator at BiggerPockets. And we’re talking about what’s happening in the vacation rental and short-term rental heavy markets. We’ll get into why sellers of these markets may be more motivated than any other sellers, how to separate real buying opportunities from bad STR deals, and what all this means for investors heading into the next phase of the short-term rental cycle. This is On the Market. Let’s get to it. Hey everyone, I’m Dave Meyer. Welcome to On the Market. Today, I am joined by my fellow BiggerPockets content creator, Garrett Brown. Garrett, thanks for joining us again. Garrett: Always a pleasure. Happy to join anytime. Dave: For those of you who do not know, Garrett is an agent, a real estate investor, and a...