AirBnB on multifamily Out of State

[Dennis Nikolaev]

Thank you for opening my post.

I am getting ready for my first (out of state) 10 unit multifamily. I read that short term rentals may yield a better return then norma leases l. I read that some investors convert a few units in their MF for STR and are doing well.

That is all very interesting but is it possible to manage such an arrangement Out of State?

Is it possible for the same PM company to manage both long and short term rentals ?

Dennis

[Ronan Donnelly]

Hi @Dennis Nikolaev, short term rentals can be a great way to juice returns but be cautious of the potential impact of regulations that limit STR activities. I'd recommend underwriting with traditonal rental rates and if you can get higher with STR's then consider it a bonus