Airbnb Yay or Meh 2019
BP Investors what has been your experience with Airbnb/VRBO vacation and short term rentals? What cities and property types do you have? Did you convert your long terms rentals into short term or did you convert some back?
Most Popular Reply
1/3 of my portfolio consists of vacation rentals. Mine are in the Gatlinburg/Smoky Mountain area of Tennessee. I will only consider true vacation rental markets such as Gatlinburg (although there are various others that produce great cash flow as well) for STR's/Airbnb property because the economies of those markets have been dependent on tourism and short term rentals since well before I was born. In other words, those markets are far less likely to impose unfavorable regulations on short term rentals, as they figured out how to capitalize on them decades ago.
My goal isn't to build an entire portfolio of STR's. I use the heavy cash flow from my STR's to roll into other types of investments. It's been a really great strategy so far.