Top Reasons for Buying An Airbnb in Ocean City

It’s a fact that Ocean City is a popular tourist destination in Maryland, but what else is there to know? Here are some of the major reasons why you should consider buying a property for Airbnb in this city:

1. Lively Lifestyle

Whether it’s summer or winter, you will never get bored in Ocean City as there are endless entertainment activities to do all year round. You can find amusement parks, museums and arcades here. On top of that, the city also has unique shops and a variety of restaurants. So if you are looking to earn a passive income through Airbnb while admiring the stunning ocean views, then this city is the perfect place for your business. 

2. Affordable Real Estate

There’s not a shortage of housing options in Ocean City, in fact, there’s something for everyone. It doesn’t matter if you’re looking for a lovely 1 bedroom property or an eye-catching waterfront house, there will always be something for you and what’s more, with affordable prices as well as low taxes.

What to Expect When Purchasing a Property in Ocean City?

Now that we know the pros of investing in Ocean City, let’s take a quick look at some of the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!

Flood risks

While Ocean City is surely an eye-catching destination, not everything can be perfect as the city is really prone to flooding conditions during high tide storms.

Pros of Buying An Airbnb in Lake Arrowhead 

Leaving behind the fact that Lake Arrowhead is a dazzling city surrounded by mountains and wildlife, there’s more to learn as to why we recommend purchasing a property here Here are some of the major reasons why you should consider buying a property for Airbnb in Lake Arrowhead:

1. Relaxing lifestyle surrounded by mountains

If you’re looking to earn a passive income while enjoying stunning views and a peaceful atmosphere, then allow me to tell you that Lake Arrowhead is the right place to start an Airbnb business. But if you want to go on a stroll, this city allows you to go on an adventure to the mountains, however, beware of the bears!

2. Diverse leisure activities and high touristic demand

As we mentioned before, Lake Arrowhead offers a variety of outdoor activities for its visitors and locals. Whether people want to visit this city in summer or winter, there will always be an activity that suits their tastes. Thanks to this, Lake arrowhead consolidated itself as a popular touristic destination all year round.

Cons of Buying An Airbnb in Lake Arrowhead 

Now that we know the pros of investing in Lake Arrowhead, let’s take a quick look at some of the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. Difficulty in Transportation

Walk Score reveals that Lake Arrowhead is a car-dependent city, which could be a little difficult for guests who are commuting. While there is public transportation readily available, hosting in Airbnb Lake Arrowhead might also require your property to have a proper parking space or recommendations for getting around.

2. High Cost of Living

While Lake Arrowhead’s cost of living is lower compared to other cities in California when it comes to comparing it with the national average, it’s 25% higher and housing prices are 59% higher according to AreaVibes.

Why Should You Consider Buying An Airbnb in Sacramento?

Some of the unique features that Sacramento has to offer including its wide city parks (perfect for biking & running), coastline in sunny weather, and even its famous farm-to-fork dining setup in restaurants. Aside from the fact that Sacramento is affordable compared to other cities, it’s clearly perfect for a property investor who wants to enjoy these rewards while earning a passive income through Airbnb. Not yet convinced? Here are some of the major reasons why you should consider buying a property for Airbnb in Sacramento:

1. Booming Economy

The business industries in Sacramento are quite vast – from high-quality universities, and tech companies, to agriculture, the economic stability of this city is consistently on the rise. This confirms that the unemployment rate is extremely low in the city and the demand for housing will continuously increase.

2. High Appreciation Rates

Norada Real Estate cited Neighborhood Scout’s data which dictates that the real estate in Sacramento neighborhoods such as Central Oak Park and Woodlake has consistently increased since 2000. Talk about decades of upward trend! With the forecast for high appreciation in the next few years, it’s clear that Sacramento can generate a good cash flow for property investment.

3. Exquisite Close to Nature Experience

Did you know that Sacramento is dubbed “The city of Trees”? As the city is surrounded by nature, it’s certainly the best of both worlds. On a personal note, wouldn’t it be heaven to live in a place that has everything you need? From shopping districts and tasty restaurants in the city, Sacramento also enables its residents and tourists a breathe fresh air – perfect for trying outdoor activities.

Top Reasons for Buying An Airbnb in North Myrtle Beach

It’s a fact that North Myrtle Beach is a popular holiday destination in South Carolina, but what else is there to know? Here are some of the major reasons why you should consider buying a property for Airbnb in this city:

1. Livability

Among other US cities, the livability in North Myrtle Beach is above average. According to Citytistics, the city has scored 67/100 in terms of having a good standard quality of life compared to other cities.

2. Affordable Cost of Living

Don’t let North Myrtle Beach’s popularity make you think that this city has a high cost of living because it’s not like that. Here, the cost of living is 8% lower than the national average, on top of that, housing expenses are 32% lower according to Payscale. 

In addition, in North Myrtle Beach the housing market is cheaper compared to Myrtle Beach, so investors can find houses at a reasonable price. Property taxes are also low (4% for primary residences and 6% for secondary residences and vacation homes).

3. High Rental Demand

As a well-known holiday destination, North Myrtle Beach welcomes a great number of tourist arrivals, especially families with children looking for a quiet place to spend their days. Hence, short-term rentals as well as hotel rooms have high demand, particularly during the peak seasons of June – August. 

Pros of Buying An Airbnb Property in New Orleans

1. Low Living Cost

New Orleans’ cost of living is considerably lower than popular cities like Baltimore and Atlanta. Although the real estate market became competitive after the Hurricane Katrina calamity, people can still find properties for a reasonable price. Based on Zumper, the average rental prices are $1,520 and $1,800 for one and two bedrooms respectively.

2. Consolidated Touristic Market

When we talk about New Orleans, the first thing that possibly comes to our minds is its exquisite gastronomy, lively nightlife and exciting festivals. Thanks to this enjoyable atmosphere, visitors arrive in the city all year round. As a matter of fact, New Orleans welcomes around 19M visitors annually, no wonder it earned the third place as a top destination for city lovers in the US for 2022 

Cons of Buying A Property in New Orleans

1. Prone to natural disasters

Sadly, not everything can be ideal and rosy in this world, right? Because New Orleans is susceptible to hurricanes and tropical storms each year. Plus, the city is also vulnerable to flooding due to New Orleans’ intense rains.

2. High Crime Rate

Unfortunately, New Orleans doesn’t have the best reputation when it comes to crime rates. In fact, the city ranks in the top 10 of almost all crime categories. Neighborhoods like Central City, South Seventh, Desire and Saint Roch are usually considered the most dangerous places here.

In this article, you will find actual properties for sale in Oakland, CA, from studios to houses/apartments of 1-4 bedrooms. In addition, you will also find some advantages and disadvantages involved in Airbnb property investment in this city. Stocked to discover if Oakland is a profitable place to invest your money in 2023? Then we advise you to continue reading!

Advantages of Buying An Airbnb Property in Oakland

1. Touristic Destination

Throughout the years, Oakland has been consolidating itself as a touristic destination thanks to its lively environment as well as its natural and cultural attractions. In 2021, this city registered 8,142,320 arrivals according to OAK Aiport’s report.

2. Oakland’s Privileged Location

This coastal city is in the inner part of the Bay Area, a great location that allows it to be close to major cities such as San Francisco, Sacramento and Berkeley. Furthermore, Oakland also has a transportation system, so it’s pretty easy to move around and even visit other major cities. 

Disadvantages of Buying A Property in Oakland

1. High Crime Rate

While Oakland has an overall vibrant atmosphere, crime-related problems can be a really serious issue. According to Area Vibes,  the city’s total crime rate is 175% higher than the national average. It sounds scary, right? However, you should know that some neighborhoods can be safer than others!

3. High Cost of Living

Oakland may be cheaper compared to San Francisco’s cost of living, but it’s still higher compared to the national average. Based on RentCafe’s report, Oakland’s cost of living is 10% higher compared to other States cities.

Source: Mammoth Lakes Resort Realty & Airbtics

2. Windy Weather

If you’re used to stable weather conditions, expect the worst in Mammoth Lakes! It can get really windy in certain areas and it could be difficult to travel by foot, but that’s the true purpose of living in Mammoth Lakes – are you up for the adventure? Depending on one’s perspective, this can either be a pro or a con when living in Mammoth Lakes.

Best Neighborhoods for Airbnb in Mammoth Lakes

Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable neighborhood in Mammoth Lakes. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods in Mammoth Lakes: