Some vacation home for sale listings tout rental income above $100K and occupancy rates exceeding 75%, but those are exceptions, not the rule. What is a good occupancy rate for a STR in the Poconos? As more and more townships adopt regulations and licensing for rentals, the formal count will begin to emerge, but vacation homes are a big reason people come to the Poconos and that have done that for generations By some estimates there may be close to 7,500 vacation homes that at some point in the year will be rented. Licenses and the term “Short-term Rental” are new, but the practice is not. Realtors have been renting vacation homes in the area for over 50 years. Add a few ski resorts, a casino or two, some indoor water parks and you do get a decent shot at 4-season business. These stayed as private communities with Property Owner Associations (POA/HOA) supporting the amenities like beaches, pools, etc. Developers bought big tracts, created manmade lakes and surrounded them with vacation cottages. Here are some thoughts about the business of vacation home rentals.Īre vacation home rentals in the Poconos a new thing?įirst, some history: much of what is referred to the as the Poconos was started in the 1960s and 70s when families started getting second cars and vacation homes became affordable to the middle class. As a realtor who specializes in helping folks find vacation homes, I’ve gotten a lot of questions about the business of vacation home rentals.
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