Richmond, Va. Good for living/Airbnb/long term rentals?

Richmond, Va. Good for living/Airbnb/long term rentals?

Rental Property Investor · St. Mary’s county, MD · Member since 2018 · 14 posts · 2 votes

So my girlfriend and I are thinking of moving somewhere to start our RE journey together. I live in southern Md now and would like to stay relatively close. Just would like some opinions from people who know Richmond personally. We want to focus on Airbnb, long term rentals, and just a nice place to live/start a family. Any suggestions? Thanks!

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Adrian StamerPro Member
Real Estate Investor & Agent · Richmond, VA · Member since 2013 · 319 posts · 167 votes
7y
Originally posted by @Kyle Nicholas Yeitrakis:

So my girlfriend and I are thinking of moving somewhere to start our RE journey together. I live in southern Md now and would like to stay relatively close. Just would like some opinions from people who know Richmond personally. We want to focus on Airbnb, long term rentals, and just a nice place to live/start a family. Any suggestions? Thanks!

 In Richmond va it is still illegal to rent a place for under 30 days. Yes, people are still using Airbnb but if you are basing your main long term investment around it I would really consider other exit strategies and alternative monetization

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  • Rental Property Investor · Richmond, VA · Member since 2016 · 279 posts · 133 votes
    7y
    @Kyle Nicholas Yeitrakis I think Richmond is a great city! It's come along way in the last 10-20 years and I believe has alot more room to grow. Investors have been successful with STR and LTR for along time here.
  • Rental Property Investor · St. Mary’s county, MD · Member since 2018 · 14 posts · 2 votes
    7y

    Great to hear! I'm really excited about starting in a new area, but there's still so much to learn. I've been reading/listening to podcast obsessively. I'd also be interested in a W2 job that involves REI if you hear of anything! I have some hustle/finances to bring to the table Thank you for the feedback

  • Adrian StamerPro Member
    Real Estate Investor & Agent · Richmond, VA · Member since 2013 · 319 posts · 167 votes
    7y
    Originally posted by @Kyle Nicholas Yeitrakis:

    So my girlfriend and I are thinking of moving somewhere to start our RE journey together. I live in southern Md now and would like to stay relatively close. Just would like some opinions from people who know Richmond personally. We want to focus on Airbnb, long term rentals, and just a nice place to live/start a family. Any suggestions? Thanks!

     In Richmond va it is still illegal to rent a place for under 30 days. Yes, people are still using Airbnb but if you are basing your main long term investment around it I would really consider other exit strategies and alternative monetization

  • Contractor · Richmond, VA · Member since 2018 · 36 posts · 11 votes
    7y

    I live just outside of Richmond near the airport and I am just now looking into getting into REI. Richmond is a great city with a lot of great restaurants and some great places to live right outside of the city. I work with a property manager that has over 100 houses so the rental market is definitely here. There is a lot of the city that is also being revitalized.

  • Rental Property Investor · St. Mary’s county, MD · Member since 2018 · 14 posts · 2 votes
    7y

    Adrian thank you for the advice I didn’t know that. I will definitely keep that into consideration. and Jason that is most definitely good news. I’ve always loved the energy I felt there. It Always felt like a good place to live 

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