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- 🛖🦌 Must See Short Term Rental Opportunity of the Week & Hosting Tips | December 29
🛖🦌 Must See Short Term Rental Opportunity of the Week & Hosting Tips | December 29
Riverfront Cabin With Proven Revenues
Jonathan Dempsey
December 29, 2024
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This Week’s Must See STR Opportunity - RIVER LODGE
This massive riverfront log cabin sits on 2+ sprawling acres and can fit you and all your sasquatch friends, with 6BRs and 11 beds
This 6BR 3BA 3,200sf log cabin comes completely turnkey, ready to make money day one (literally take the numerous existing upcoming reservations). The furniture is all of top quality, thoughtful, and timeless. River Lodge is a log cabin, secluded on 2 acres along the Lehigh River in the Poconos and surrounded by tall, mature trees. Close to skiing, hiking, biking, fishing, golfing, whitewater boating, state parks and more! This cabin has proven rental history doing $97K in revenue in just the first 9 months. This deal will be available on the market this week, reach out today to learn more.
Outlook on Potential from the Author
Property Archetype: The market for larger groups is vastly underserved in the Poconos market, with a disparity between the number of homes available sleeping 16+ and the amount of groups looking for this style accommodation. With guest demand outpacing the supply and no new supply coming soon, you’re set up well for success with a longstanding runway.
Winning Features: High Ceilings, Log Cabin, complete wooden accents, large windows, water frontage, seclusion… This home has all the assets that make a desirable rental for guests. All assets that you cannot change cheaply or at all on the existing supply. This house is in the upper echelon of 6BR homes available.
Revenue Potential: The recent owner has been able to produce $97K in revenue in his first 9 months. A fantastic start as the first year can take a little time to gain traction. This cabin definitely has the potential to hit annual gross revenues $155K-$185K as other performers in the area are doing. Established and efficiently run (5 stars and cost conscious), River Lodge would be an excellent addition to any portfolio. Not to mention it would be fun to use when not rented!
Want to know more about 8 River Dr? Respond directly to this email
Pocono Market Pricing Outlook for January 2025
Month Wide Outlook: January tends to be a decent month in the Poconos with occupancy rising above the average in conjunction with snowfall. On weekdays, only 10-20% of listings will get booked. Be sure to keep pricing modest and get more competitive based on how your listing stacks up against other homes. On weekends, the normal 40-50% of homes will get booked. Be sure to stay somewhat modest and get more aggressive as dates near.
Dates to Watch For: The first week of January is interesting. You have reservations spilling over from new year and mid week. Be sure to offer your guests after the new year and into the coming weekend the opportunity to add a day to their trip at a discount to fill potential gaps.
January 17th to 19th has above average occupancy with roughly 65% of homes booked already for MLK weekend. Be sure to keep your prices high here to squeeze the juice.
Over a Month Outlook: February you can play consistent to January with prices a bit higher being in the midst of Winter. If you’ve already booked out some dates in January, see what price you got and go for more in February. Make sure you have prices tapered down a bit for March, April, May. Its better to price a bit more reasonable now. The further out you can keep your listing attractive during these competitive months, the better. It is no fun to scramble mid month during the shoulder season and you’ll end up against vacancy or lower prices had you planned accordingly.
JD is a Pocono local and investor with a tremendous passion for short term rentals and travel
JD owns multiple short term rental investments across the Poconos with homes spanning in sizes and locations. JD has a passion for finding, creating, and sharing the Poconos coolest rental properties
JD has been a short term rental host of over 39,750 reservations, starting 6 years ago with the first guest in a shared room in his townhome, to now guest’s favorites across the Poconos
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