how are your midwest short term rentals performing? better than medium term?

[Robert Ellis]

we have investors who are trying to decide between long term rentals on new builds and short term rentals on new builds in midwest markets in urban adjacent core neighborhoods. how are yours performing? would love some commentary from peer cities in the midwest especially property managers or STR managers. I'm in Columbus Ohio. this mostly applies to 2-4 units used as Airbnb properties within 2 miles of urban core

[Michael Baum]

Hey @Robert Ellis, so I have no performance data for you on this topic, but you can try and scour AirBNB and VRBO in the areas you are building and see what other homes are bringing in. Nightly rates, occupancy and amenities.

First I would make sure where you are building allows STRs with no or few restrictions. No HOA's.

If you are building new properties and the area supports STRs, maybe build to suit STRs. That might make them more attractive to investors.