St Louis multi-family AirBNB

[Brad Annen]

Hello BP,

I am looking at small multifamily units in the South City parts of downtown St. Louis and I am curious to hear what others experiences have been like doing AirBNB in the downtown area. I know places like The Hill and Soulard are obviously the hot spots but have seen listings on AirBNB all over the city . Feel free to drop your perspective below or shoot me a message!

Thanks!

[David Ounanian]

@Brad Annen I have been helping clients over the years acquire investment properties and many of them were turning them into Airbnbs in South City.  I never thought much about them until I saw some of the returns they were getting sometimes 2x or 4x what a traditional rental will pull in.  They also seem to be doing even better now with Covid-19 because people would rather rent a space to themselves then stay in a densely populated hotel.  So much so that I purchased my first property for Airbnb last month.  We are currently renovating and can't wait to hit the market!  I can also pull Airbnb comps for anyone looking for data on vacancy or rental rates in South City.