Investors are always trying to find the best markets for short-term rentals. It's hard to find an attractive location with a high demand for rentals, but once you do, the opportunity is too lucrative to pass up.
In this article, we will show you why the Pocono Mountains is a great place for investing in property. We'll highlight its low vacancy rates, high demand among visitors, and it's close proximity to major metropolitan areas.
The Pocono Mountains has all the qualities of a high-demand market and can be an excellent
investment opportunity for vacation rentals. Its small size makes it easy to maneuver while being large enough to offer good supply of properties. Read along to learn about why you should consider purchasing a vacation rental property in the Poconos.
Why Should You Invest in a Vacation Rental?
If you are looking for an investment that can give you a good return on your money, then vacation rental properties are the way to go. Vacation rentals have been around for decades and they have only grown in popularity over the years.
Investing in vacation rental property has become an increasingly popular choice among investors. The demand for these properties is on the rise and so is their value, making them an excellent option for anyone looking to make a profit on their money.
People Love to Vacation in the Pocono Mountains
The Poconos is a beautiful place to spend your vacation, and many people want to stay there for more than just one night. The Poconos is known for its outdoor activities, miles of hiking trails, and freshwater lakes.
One of the cool things about the Poconos are that there are many different attractions for people of all ages, such as water parks, ziplining, ATVs, amusement parks, etc. You can also find family-friendly attractions in the area, such as skiing and snowboarding, horseback riding and hiking.
Proximity to Large Cities such as New York City and Philadelphia
The Poconos is a popular destination for people who want to escape the city with weekend getaways.
It's close to New York City and Philadelphia, as well as many other major cities that people often travel from such as Washington D.C., Baltimore, Montreal, and Boston. The Poconos is known for its outdoor activities, miles of hiking trails, and freshwater lakes. It is also home to some beautiful towns, like Jim Thorpe and Lake Harmony.
Over 33 Million people live within a 100-mile radius from the Poconos. That means 10% of the total US population can drive to the Pocono Mountains in about 2 hours.
Poconos has Friendly Vacation Rental Regulations for Owners
Poconos is known as the one of the best ski areas in America and over 10 million people visit every year. As a result, the communities in the Poconos have created friendly vacation rental regulations for owners.
Ordinances are put in place to protect the community and guests. As an Airbnb host, it's important to follow ordinances related to the noise that your guests create, and how many people are staying in your home.
Overall, it is best to operate an Airbnb business in an area with defined rules, rather than find out later an ordinance is passed to eliminate short-term rentals altogether.
Since the Pocono Mountain region has seen an increase in tourism in recent years, people have a new way to turn their home into a money maker. Considering the area's large amount of natural beauty, the region's proximity to major cities, and the friendly vacation rental regulations, investing in Airbnb’s in the Pocono Mountains is a great idea.