Buying an A class 5 bed property- AIRBNB or renting

General Landlording & Rental Properties
6yFollow

Buying an A class 5 bed property- AIRBNB or renting

Ryan Miller
Member since 2019 · 3 posts · 0 votes

Hi Guys. 

Had a quick question- i'm buying an A class 5 bedroom home that was built in 2013 and i'm looking to either rent each room to a different tenant on a lease or all of the rooms for AIRBNB. Of course the AIRBNB option would require me to also furnish the entire house nicely. 

What are your thoughts in terms of the best strategy to produce cashflow? 

Thanks

0Reply
12 views

3 Replies

Jump to latestLatest
  • Josi Gass
    Handyman · Little Rock, AR · Member since 2019 · 7 posts · 0 votes
    6y

    @Ryan Miller Airbnb would definitely generate more cash flow and keeps the property in great condition because you know it is being cared for each day.

    However, I’m not sure what market you are in. You have to factor in the daily cleaning fees or clean yourself. You also need to account for the consistent communication with guests.

    0Reply
  • Brian Garlington
    Realtor · Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility · Member since 2016 · 2k+ posts · 2k+ votes
    6y

    @ryan miller    Rent it out as an entire house as an airbnb.  The more "beds" the better so don't be opposed to putting two twin size beds in some of the rooms as opposed to a queen size bed in each room. Be open to the idea of a sofabed or pullout bed in the living room, etc. In some markets you can set yourself apart by saying you the space will hold up to 12 guests. Make sure you also do 2 night minimums and of course when special times come up like 4th of July, or sports events in your town you can also bump the rent up a little bit more.

    0Reply
  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    6y

    It depends on your market. The idea that you can "generate more cash flow" with an AirBnB is not a guarantee. You bring more in but there are more expenses involved like furnishing the home, taxes, marketing, utilities, landscaping, and your time, just to name a few.

    Study your market and make an informed decision. Don't base your decisions off the advice of anonymous strangers on the internet that know nothing of the situation.

    The DIY Landlord Book4.7248 Reviews
    WebsiteView Page
    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free