The Poconos have been a popular vacation destination for generations. Vacation communities continue to be built for second homes and investment properties and the practice of renting them for short periods is as old as the manmade lakes which were built around. The rental business has surged in recent years with the rise of bookingContinue reading “Finding the right place to start your STR business in the Poconos.”
Author Archives: markshayrealtor
Running a Short-term Rental Business is Running a Hospitality Business
Short-term Rental Properties are different from Long-Term Rental Properties and the smart investor will have a plan. As a realtor, I field a lot of calls and interest from people who are interested in investing in a Short Term Rental (STR) property in the popular vacation home area of the Poconos. Some of these inquiresContinue reading “Running a Short-term Rental Business is Running a Hospitality Business”
The Risks of Regulation for a Short-Term Rental Business
There are indeed risks associated with regulations that will impact a STR Business. Operators who are willing to invest time and effort to influence the political forces that impact their business can help minimize that risk. Here we explore how.
Is now the Right Time to invest in a Vacation Home in the Poconos?
Stocks market indexes are trading at record high levels, bond markets are strong, and the price of real estate continues to leap upward. Rarely (if ever) have all three of these investment areas risen so sharply in unison. With the ability for many to work remotely or build a business from home, the demand toContinue reading “Is now the Right Time to invest in a Vacation Home in the Poconos?”
Turn Your Land into a Money-Making Campsite
Throughout my career, I’ve had a number of opportunities to start-up new businesses and like most entrepreneurs, my history has some succees and some failures. I had the good fortune of turning GradSchools.com from a quirky start-up to a market leader only to follow that up with an online guide to wine called ClassicWines.com thatContinue reading “Turn Your Land into a Money-Making Campsite”
Tips on Starting a Short-term Rental Business with your Vacation Home
Is it legal? The Poconos are well known for vacationing and recreation. Tourist revenue in the Pocono region (defined as Carbon, Monroe, Pike and Wayne counties) has been the main economic engine in the region and the area is responsible for approximately 1/3 of the state’s hotel tax revenue. In Pennsylvania, like other states, short-termContinue reading “Tips on Starting a Short-term Rental Business with your Vacation Home”
Moving from New York to Pennsylvania? Consider Carbon County, Pennsylvania’s secret Vacation Retreat
My Story: In 2006 I sold an internet marketing company and with some cash in my pocket I decided to invest in a vacation home near Blue Mountain Ski Resort. At the time, I had a house in Delaware County, outside Philadelphia and I wanted a “mountain house” that I could get to in 90Continue reading “Moving from New York to Pennsylvania? Consider Carbon County, Pennsylvania’s secret Vacation Retreat”