Has AirBNB ruined LTR market
Has Airbnb lead to properties being sold for more than they are worth? Has it ruined the ability to do a cash flow analysis without even considering going Airbnb. Lately, I try to look at buying properties with the scope that I will need to cashflow and get at least a 5% ROI as an LTR property, then if it makes sense to convert Airbnb and make more I will. However, it has been hard to find any property that actually shows any bit of a return.
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Michael Baum
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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
Pro Member
#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
I agree with most others. Nope.
Just because a STR could cash flow more than a LTR doesn't mean it will. It might not be legal. It could be in an area that people don't want to stay. I feel that at least 3/4 of the US is just that. Great neighborhoods to live, worthless as a destination.