STR advice - Essentials

[Brian Ellis]

Hi BP

As I continue to expand my portfolio and business, I am adjusting with the market conditions.

We plan to rent our primary out through Airbnb. I am not super familiar with this investment vehicle, I've always done LT rentals and have done well with it. But in order to expand that area of my business, I need to get into the STR space.

For those that have been doing it with success, what have you found to be the most important areas to perfect? As I’m remodeling, and doing touch ups, I always notice something that needs to be done. Usually minor things, but I would consider them important if I were renting.

Unfortunately I am unable to provide a washer/dryer because it will be a “shared home”, but guests would have access to the entire main living floor with privacy. I’m a bit worried about this, what are your thoughts?

Thank you for your help!