New to Real Estate · San Jose, CA · Member since 2017 · 91 posts · 23 votes
Hi,
I am looking for someone who has been successfully doing STR in South San Jose. I just closed on a property so trying to see if STR is a better option in the short term. Would love to connect with someone who has had success with STR in the area.
@Gaurav Mehta I’m not in San Jose or whenever @ken latchers is having such a hard time but where I am it’s easy as pie and I live nowhere near my properties.
If you don't understand STR or have experience, then I do not recommend it. Too many make it seem easy (which I wish they would stop), but it is way different than longterm and a lot of potential risks.
I am looking for someone who has been successfully doing STR in South San Jose. I just closed on a property so trying to see if STR is a better option in the short term. Would love to connect with someone who has had success with STR in the area.
If you don't understand STR or have experience, then I do not recommend it. Too many make it seem easy (which I wish they would stop), but it is way different than longterm and a lot of potential risks.
I am looking for someone who has been successfully doing STR in South San Jose. I just closed on a property so trying to see if STR is a better option in the short term. Would love to connect with someone who has had success with STR in the area.
Hi Ken,
Understand that it may be challenging. That's the reason want to talk to someone who does it successfully (in SJ) to understand the challenges and if it is something I should try or not.
@Gaurav Mehta I’m not in San Jose or whenever @ken latchers is having such a hard time but where I am it’s easy as pie and I live nowhere near my properties.
@Gaurav Mehta What are the nearby "attractions" to this property? Why would a STR pick your property over other available STRs? What amenities/furnishing will you be offering?
I know one owner that recently left the STR market located near Japan town (SJ). They did well early on but found the market became saturated with STRs and their vacancies were going up. They moved to long term rentals. FWIW
There are a lot of issues involved, and it is not a good idea for brand newbies. I'm not going to pave the way when agents or lenders or writers make it seem so easy.
rather, I will make it clear that a business can involve a lot of risk, especially to those who do not know what they're doing. It works for me or this is easy money have absolutely nothing to do with someone in a different Market with no experience.
sorry, but I prefer to take the side of you better know what you're getting into for yourself, not trust people you don't know to make your decisions
@Gaurav Mehta I’m not in San Jose or whenever @ken latchers is having such a hard time but where I am it’s easy as pie and I live nowhere near my properties.
Short answer: I wouldn't start an SFR airbnb in San Jose unless I have to.
I have an airbnb house in San Jose (have to do STR due to our circumstance) . On average, after all the expenses, I make about $500 - $1000 more per month compare to long term rental. However, it is quite a lot of work and can be stressful at time dealing with guests, specially when you are new. It's not passive investing at all, more like running a business.