Doing STR in a Mulit-Unit Building?

[Deena Laugen]

Has anyone purchased a multi-unit building (around 4-10 units) and done short term rentals in the whole thing? If so, how has it been for you? Any issues with multiple groups vacationing at the same time, sharing the pool, etc? Thanks for your input!

[Dave Stokley]

Quote from @Joshua Taffe:

Quote from @Dave Stokley:

I own 3- and 4-unit buildings with STRs, but we only have 2 STRs in each. They do not have pools. We've never had issues with multiple STR units that we wouldn't have with any other STR in a multifamily building. You know... tenants complain that STR guests are having loud sex at 2 AM; STR guests complain that tenants are having loud sex at 2 AM...

Hi, I wanted to know you manage them yourself and the is reason being for STR loophole purposes were you allowed to take the depreciation against your income?

Well this is a blast from the past, but hey, glad SOMEONE figured out the search function! 

So, UPDATE: we have now converted all of those units to STR, so a quad and triplex with all STR units. Never had a problem with guest interaction.

And no, we don't self-manage for tax reasons. We self-manage because we have an STR management company that manages over 60 listings.