Any crash pad owner with successful/unsuccessful stories?
Need tips on places to advertise , vacancy rates , services provided by the crash pad.
Thanks in advance
Hey, your question is 6 months old, but I just saw this.
I run a crash pad in Chicago. It is definitely a niche business. But it can provide more cash flow than a regular rental. If you don't have airline connections it can be hard to connect with the tenant base. The best online listing site is crashpad411.com, but typically most people find crash pads through word of mouth.
The business model is definitely full service where you provide a fully furnished place with all utilities and a cleaning service. You also need to manage a community along with the rental property.
Good luck if you decide to go for it.