Seeking advice on starting an Airbnb

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Seeking advice on starting an Airbnb

Michael A.
Financial Advisor · Member since 2022 · 67 posts · 67 votes

I currently own one rental property (duplex). I plan to buy another rental property by the end of this year around $150k price range. I’ve been thinking about trying the Airbnb route. My current duplex is a normal tenant occupied rental. 

I’m wondering what the best markets to invest in for Airbnb. I’ve been looking at Cincinnati Ohio and different parts of Florida. 

I’d like to hear from successful airbnb investors here on BP and how they started out in the very beginning. How should I start? Multi family or single family? Does the interior have to look modern? Travel nurses, vacation, etc? How do I acquire a management team and cleaning crew? Any good books? 

appreciate it. 

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Steven Foster Wilson
Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
3y

Hey Michael, you could use this link here: https://www.columbus.gov/str/ to get a feel on how the Ohio STR regulations are. All the best to your real estate journey!

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  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    3y
    Quote from @Michael A.:

    I currently own one rental property (duplex). I plan to buy another rental property by the end of this year around $150k price range. I’ve been thinking about trying the Airbnb route. My current duplex is a normal tenant occupied rental. 

    I’m wondering what the best markets to invest in for Airbnb. I’ve been looking at Cincinnati Ohio and different parts of Florida. 

    I’d like to hear from successful airbnb investors here on BP and how they started out in the very beginning. How should I start? Multi family or single family? Does the interior have to look modern? Travel nurses, vacation, etc? How do I acquire a management team and cleaning crew? Any good books? 

    appreciate it. 


    I know some people that purchase homes that are already furnished. This saves them time and money when doing the airbnb strategy 
    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
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  • Alfath AhmedBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2022 · 1k+ posts · 1k+ votes
    3y
    Quote from @Michael A.:

    I currently own one rental property (duplex). I plan to buy another rental property by the end of this year around $150k price range. I’ve been thinking about trying the Airbnb route. My current duplex is a normal tenant occupied rental. 

    I’m wondering what the best markets to invest in for Airbnb. I’ve been looking at Cincinnati Ohio and different parts of Florida. 

    I’d like to hear from successful airbnb investors here on BP and how they started out in the very beginning. How should I start? Multi family or single family? Does the interior have to look modern? Travel nurses, vacation, etc? How do I acquire a management team and cleaning crew? Any good books? 

    appreciate it. 


     I would first find a market that has a strong economic background with strong appreciation. If you are looking to invest in Cincinnati, I would look closer to the hospitals and try a mid-term rental through furnished-finder. 

    The Columbus market definitely has a ton of economic bases and hospitals that are well-known. You might have better luck finding the right clientele in Columbus. I personally own a duplex in Old North in Columbus that I transformed to a mid-term rental from a long-term rental. 

    I have a neighborhood map that a couple of guys at my brokerage and I designed, it outlines the different parts of Columbus based on appreciation and rent growth. I think it should help you in your airbnb/travel-nurse search. 

    Let me know if you want me to send you the map we created. 

    [email protected]614-802-5698
    ReafCo | Ahmed Group 534 Reviews
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