Welcome to our latest episode where Dave and Will explore the thriving short-term rental market of Old Orchard Beach, Maine. Drawing from Dave’s extensive experience in property management and consulting, and Will’s expertise as New England’s top STR-focused real estate agent, they provide actionable strategies for navigating this timeless destination.
In this episode, Dave and Will dive into the unique dynamics of Old Orchard Beach, discussing its accessibility, enduring appeal, and diverse property options. From affordable condos to luxury oceanfront homes, they outline the market's key segments and highlight the critical factors that ensure thriving investments. Learn how to optimize your rental with thoughtful amenities, smart design, and by targeting the right guest avatar. Additionally, they share essential tips on navigating potential HOA restrictions, minimizing expenses, and maximizing cash-on-cash returns in one of New England’s most reliable short-term rental markets.
Tune in now to discover why Old Orchard Beach is a lucrative market for short-term rental investments and gain practical advice for creating properties that attract repeat guests year after year!
TIMESTAMPS
01:00 – Old Orchard Beach as a vacation market
02:00 – Location and accessibility drive consistent demand
04:00 – Different types of STR properties
05:30 – Key considerations for investing in condos
08:00 – Starter single-family homes and their amenities
12:00 – Appeal of large family homes and oceanfront properties
15:00 – Understanding the market’s high returns and low expenses
16:30 – Why Old Orchard Beach remains a timeless destination
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