Suggestions on Selling a Turnkey STR (Short Term Rental/AirBnB)

Suggestions on Selling a Turnkey STR (Short Term Rental/AirBnB)

San Francisco CA & Miami, FL · Member since 2018 · 2 posts · 1 vote

Selling my Pleasant Hill, CA (Bay Area-30 miles from SF) condo and most recently (AirBnB Short Term Rental property I ran for the last 6yrs).

Live in San Francisco, CA. Moving to FL.

It is a great Airbnb/STR listing ($10K plus yearly net).

Anyone had any success selling a turnkey STR property/tips/suggestions? Thanks!

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  • Property Manager · FL · Member since 2018 · 104 posts · 36 votes
    6y

    I would recommend working with an agent that specializes in STRs.

  • Rental Property Investor · Pleasant Hill, CA · Member since 2016 · 19 posts · 5 votes
    6y

    I agree with working with an agent only if you're super busy and need the Errors & Omissions Insurance just in case. If you have some time and don't mind doing marketing and showings, you could handle the sale yourself- but that's not for everyone. Do you have accurate P&L statements and a proforma or anything? Have you been self managing? If all of your financials are in order I'd definitely start marketing that right away. What's your reason for selling now btw? Just so you can move? Have you run the numbers and it makes sense to sell? 

    Please let me know if I can be of any assistance - Private Message me and I'll send my contact details. 

    I have managed a $135m portfolio of investment properties (multifamily, office, retail). I asset managed a mixed use building in Oakland that had 4-5 STR but I promptly turned them into longer term rentals due to the property management company eating most of the profits.

    Wishing you good health and wellness!

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