Short Term Rentals in Indianapolis
Hi All -
Is anyone investing in short term rentals in Indianapolis? I have a 4/3 single family house near Garfield Park in the South Village that I'm thinking of using as a short term rental. It has been completely rennovated within that last six months, but I'm not sure how short term rentals fair in Indianapolis, especially if you're not in one of the "hot" neighborhoods like Fountain Square. I'm doing research online using multiple websites, though it's hard to beat first hand knowledge from someone who is in the thick of it. If anyone has the experience I'm looking for I'd love to pick your brain. Reply here or DM me, either one works for me.
Thanks!
Mike
Hi Michael, I have started my real estate journey here in Indianapolis. Now, I have more than a hundred doors. I would love to help/share my experiences and chat with you more if you're interested.
Hey Michael, STR's do modestly well. I feel as though you can double your monthly income, on average, doing STR. AirDnA.com is well worth a subscription to see comps and revenue for the entire city or just a specific neighborhood. That's what I used when underwriting my airbnb in Christian park.
Hey Michael, I'm in the same boat. Would love to learn more about STR in Indianapolis. I'm in the Meridian Kessler area.