Property Manager · Burlington, NC · Member since 2018 · 57 posts · 20 votes
I have been interested in getting into airbnbs and I was wondering how lucrative the markets in Greensboro and the surrounding area are. Is anyone having success in this area?
Hey Sam. I do not personally know anyone in short term rentals here but I venture that they would do real well on spring garden st as well as the areas surrounding the coliseum. People always travel for those big live shows and conventions that happen there pretty frequently, and much of the time they need a place to stay. Also parents visiting thier children who don't want/can't stay in thier children's often cramped college housing.
STRentals are fairly stable in Greensboro. I have a client who owns a regular SF home with a one year lease/tenant that gets 1300/month. His house next door is an airbnb. That produces over 3500/month total! The houses are similar. He will be able to pay off his mortgage in less than 5 years. Just dip your toes in. If the Airbnb doesn't work, just make it a rental. Make sure the numbers work both ways regardless.