Airbnb question and how to move forward

[Ben Thompson]

I have multiple single family rentals all in the same area. I’d like to diversify my portfolio and add Airbnb’s as well. I have spent 8 months to a year learning about them and I wanted to know if new/future regulations will be a problem and if they are still lucrative options in today’s market. 

[Bruce Woodruff]

Originally posted by @Joe Splitrock:

This is market dependent of course. People going to the smokies want to stay in a cabin. People going to Florida will be happy to stay in a hotel on the beach, versus a house a few miles away.

I agree with most of what you said, but in my experience this one is different. The pandemic, and other factors, have introduced many travelers to the STR concept. We hear from a lot of guests, particularly older folks who have not used STRs before, that they will never stay in a hotel again.....

I know this is true for me. I used to default to a hotel when I travelled, just our of habit. Now that I know I can get a house/condo for about the same price, why would I ever stay in a hotel?

Just my opinion, but I think the STR phenomena is really still in it's infancy......