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Short-Term & Vacation Rental Discussions

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JJ Mayer
  • Rental Property Investor
  • Bloomington, IL
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48
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AIrBNB in Chicago (downtown)

JJ Mayer
  • Rental Property Investor
  • Bloomington, IL
Posted Sep 16 2019, 14:17

Hi BPers, my job requires me to travel into a Chicago 3-5 nights a month, and I'm stuck paying hotel costs out-of-pocket.  I like the idea of buying (or renting) a condo in the Loop/New East side area, so I have a place to stay when necessary.  For all those nights I'm not using the place (e.g., every weekend), I'd like to AirBNB the place to hopefully breakeven on the cost of the mortgage/rent.

Has anyone done anything similar?  How have you identified buildings where AirBNB is permitted?  

Thanks team!

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