Hey everyone. This is my first post! Am looking into either buying holding for rental/airbnb purposes in St. Joseph michigan or doing Rental Arbitrage for Airbnb. Was wondering if anyone here has any experience with this area, such as reputable cleaning companies, contractors, property managers.
Any feedback (short of "Rental Arbitrage is a terrible idea do something different) would be helpful!
@Adrian Langdon I personally hate rental arbitrage as the renter is exposing the landlord to alot of risk they are not aware of unless they are disclosing which in most cases they are not. In Saint Joseph the rentals do not perform
well in the winter but outstanding in summer
so you likely will want to go with a winter long term rental strategy and summer vacation rental. With that being said if you are going to do a year round vacation rental there go on the low budget side under 85 a night and allow pets so you hold a competitive advantage to hotels.
St Joe is a great community! I have STR's in South Haven and can recommend a great realtor if interested. He is very knowledgeable with short term rentals and has contacts for maintenance, cleaning etc