Airbnb or lease tenants?

Question

Ran into this material while doing a demo. it's pretty soft and breaks down pretty easily. Want to send it to a lab and test it for asbestos, but just curious to see if anybody can identify what this might be.

Michael Haas · Answer

We have multiple STR's, and STR's in Seattle are still dead until at least July 1. Depends on your renovations timeline and when you'd be coming online, but I'd go for LTR if its well suited to either.

Peter M. · Answer

@Albert H Shin Looks like press board which is just sawdust and wood chips glued into a cheap "board". Like MDF but crappier. Its garbage and worthless when it gets wet.

As for Airbnb vs rental, it's way more upfront cost and work with bookings and cleaning for Airbnb. Unless it's a place with high quality finishes or a great vacation destination long term is just less hassle. Just my opinion but I have both. PM companies that do STR usually charge about 30% where as regular PM is 8-10% so that should give you a good idea of the extra work needed for short term stuff

Albert H Shin · Answer

yeah I'm not sure why it did that - i did edit the post once after i noticed the mistake but i can't figure out how to delete this. Here's my original question:

I recently purchased a property in Seattle for rentals. With the current economic state, I am not sure whether to Airbnb or lease. On one hand, Airbnb could see some opportunities with hotels closing down around the city, and assuming the city will be back to full operation (hopefully) in the next 2-3 months. On the other, people will be looking to rent more than ever, with tighter loan criteria and massive layoffs. Thoughts?

Colleen F. · Answer

Your title is misleading airbnb or lease tenants?. maybe beaverboard or masonite. Typically wallboard did not contain asbestos. You should repost under a corrected title.

Airbnb or lease tenants?

Airbnb or lease tenants?

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