STR market in Columbus, OH & Kansas City, MO.

[Mostafa Faghih]

I'm looking for top properties in the short-term rental market in Columbus, OH and Kansas City, MO.

I want to know more about the current state of the market, top-performing neighborhoods, and high-quality properties for short-term rentals. If you have experience investing in short-term rental properties in these cities, please share your insights, strategies, and tips for success.

Thank you!

[Michael Baum]

Hey @Mostafa Faghih, take some time and do a search, especially about Columbus. There are a number of people who invest in that area with success.

Searching the forums can yield a ton of great info.

[Laura Williams]

KCMO is getting ready to vote on a new ordinance that would ban all non-owner occupied short term rentals in residential zones & put density limits on ones even in business zones. Columbus OH might be more short term rental friendly market for you.

https://www.startlandnews.com/...

[Zach Edelman]

One of my borrowers is a frequent investor of STRs in Columbus, OH. Loves the market and has a number of units there. From what I can tell, the market is extremely STR friendly.

[Joshua Filkill]

@Mostafa Faghih Columbus is a great market for STR and MTR. There are a few people in my office that run many Airbnbs and have good success with them. Columbus is home to Nationwide Children's Hospital and Wexner Medical Center which get a lot of travel nurses. Also, Columbus has done well in attracting businesses to expand operations here. Columbus is also home to Ohio State which has a student population around 60,000 and is extremely busy during gameday/weekends with people traveling from all over and staying in hotels/Airbnbs.

Let me know if you want to talk about Columbus more in depth!

[Jimmy Lieu]

Quote from @Mostafa Faghih:

I'm looking for top properties in the short-term rental market in Columbus, OH and Kansas City, MO.

I want to know more about the current state of the market, top-performing neighborhoods, and high-quality properties for short-term rentals. If you have experience investing in short-term rental properties in these cities, please share your insights, strategies, and tips for success.

Thank you!

Hey Mostafa, I would personally really like Columbus Ohio as a short term rental market - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing fast (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. I work with a lot of investors here who specifically do STR and MTR by purchasing properties nearby hospitals and rent them out to travel nurses and they are making a killing. As a local investor and agent here, let me know if you have any questions or want to connect!

[Gayle Eisner]

Just my 2cents...KCMO has a very high crime rate.  I just saw today on line that a teenager went to the address of the wrong house to pick up his brother...A man answered the door and shot the teen in the head--then shot him again after he hit the ground.  true. Real estate in KC KS has also taken off for Single home investment. 

[Mostafa Faghih]

Quote from @Michael Baum:

Hey @Mostafa Faghih, take some time and do a search, especially about Columbus. There are a number of people who invest in that area with success.

Searching the forums can yield a ton of great info.

 Sure, thanks.

[Mostafa Faghih]

Quote from @Laura Williams:

KCMO is getting ready to vote on a new ordinance that would ban all non-owner occupied short term rentals in residential zones & put density limits on ones even in business zones. Columbus OH might be more short term rental friendly market for you.

https://www.startlandnews.com/...

I didn't know that. Thanks for the heads-up!

[Mostafa Faghih]

Quote from @Zach Edelman:

One of my borrowers is a frequent investor of STRs in Columbus, OH. Loves the market and has a number of units there. From what I can tell, the market is extremely STR friendly.

Yea, seems like a very lucrative STR market. Thank you for sharing.

[Marc Rice]

Quote from @Mostafa Faghih:

I'm looking for top properties in the short-term rental market in Columbus, OH and Kansas City, MO.

I want to know more about the current state of the market, top-performing neighborhoods, and high-quality properties for short-term rentals. If you have experience investing in short-term rental properties in these cities, please share your insights, strategies, and tips for success.

Thank you!

 Columbus is a great market for STRs and MTRs. I specialize in 1bds and studios here.

[Mostafa Faghih]

Quote from @Marc Rice:

Quote from @Mostafa Faghih:

I'm looking for top properties in the short-term rental market in Columbus, OH and Kansas City, MO.

I want to know more about the current state of the market, top-performing neighborhoods, and high-quality properties for short-term rentals. If you have experience investing in short-term rental properties in these cities, please share your insights, strategies, and tips for success.

Thank you!

 Columbus is a great market for STRs and MTRs. I specialize in 1bds and studios here.

What about single families? I have gathered some information about single-family properties that can provide a cap rate of over 10%! Would you be able to validate my calculations based on your experience?

[Marc Rice]

Quote from @Mostafa Faghih:

Quote from @Marc Rice:

Quote from @Mostafa Faghih:

I'm looking for top properties in the short-term rental market in Columbus, OH and Kansas City, MO.

I want to know more about the current state of the market, top-performing neighborhoods, and high-quality properties for short-term rentals. If you have experience investing in short-term rental properties in these cities, please share your insights, strategies, and tips for success.

Thank you!

 Columbus is a great market for STRs and MTRs. I specialize in 1bds and studios here.

What about single families? I have gathered some information about single-family properties that can provide a cap rate of over 10%! Would you be able to validate my calculations based on your experience?

I don't like them because they attract parties, are harder to set up, and if STR regulation changed then they would not cash flow as LTRs.

[Ryan Lloyd]

@Mostafa Faghih Have you considered looking into the Hocking Hills area? Vacation market about 45 minute drive south of Columbus. Big STR area, I'm an investor/owner there and if interested would be happy to tell you what I know about the area. Just shoot me a DM.

[Robert Ellis]

Quote from @Mostafa Faghih:

I'm looking for top properties in the short-term rental market in Columbus, OH and Kansas City, MO.

I want to know more about the current state of the market, top-performing neighborhoods, and high-quality properties for short-term rentals. If you have experience investing in short-term rental properties in these cities, please share your insights, strategies, and tips for success.

Thank you!

 I had 14 short term rentals at once years ago. There's a lot to underwrite including Average daily rental rate, occupancy rate, cleaning costs, booking platforms utilized, furniture, etc. I think I'd focus more on that than the area. I was by the university district in columbus / ohio state university and I was getting $1500 a weekend for a 6 bedroom. I did very well. I think more bedrooms is good. I'd also focus on having more than one strategy than just STRs because of the risk. I'll shoot you a PM to discuss further. the market here is still strong you just have to underwrite. I think the best strategy is a mixed strategy and one that is well thought out of STRs don't work.