Short Term Rental Strategy in Alexandria VA

[Andrew Hemminger]

Hello fellow BP investors, I am trying to do a favor for one of my co-workers. He owns an old row home in Old Town Alexandria Va. It started as a primary residence and turned into a rental so the numbers aren't great. I told him today that he might want to consider offering the home as a furnished, short term rental to increase his NOI. I'm not talking AirBNB as that strategy could become rather cumbersome, especially for he and his wife who are both military and often out of state. Something more like working with an agency for housing traveling nurses or some other form of professional. Anyone have any experience with such a strategy or have any recommendations.

[Edward B.]

@Andrew Hemminger, Google Al Williamson AirBnb. This is exactly what he does. I have friends that have successfully implemented his strategy in the Richmond area.