AIR BNB Question

[Mark ODay]

I have a 5 bedroom home on Lake Minnetonka in Excelsior MN that I want to Air BNB it starting in August. I understand the prime months are May through September. My question is how much success have people had with Air BNB in the "off season" in the Minneapolis area? Or more specifically the the Excelsior area? Thanks for any feedback! 

[Adam Tafel]

Quote from @Mark ODay:

I have a 5 bedroom home on Lake Minnetonka in Excelsior MN that I want to Air BNB it starting in August. I understand the prime months are May through September. My question is how much success have people had with Air BNB in the "off season" in the Minneapolis area? Or more specifically the the Excelsior area? Thanks for any feedback! 

 We've been managing furnished mo/mo rentals all over the Twin Cities metro for years. We get lots of interest in larger family homes in the western burbs throughout the year, many for 30-120 night stays. My advice would be to have a 3 night minimum in the summer to maximize revenue, and switch to a 60 night minimum during the off season. If you are priced appropriately ~sub 5500/mo you'll find a solid mid-term tenant for the winter, families are always moving to the Twin Cities.