Who is doing short term rentals in the DC Area?

Who is doing short term rentals in the DC Area?

Justin PiercePro Member
Rental Property Investor · Woodbridge, VA · Member since 2008 · 543 posts · 121 votes

Who is killing it with Airbnb or other similar services in and around the Washington D.C. area?  I'm thinking about writing on this topic for the Washington Post and I just wanted to chat with a few of you in the business and possibly interview you for the story if it happens.

Reach out to me if you're renting out a room or your basement of if you are doing a 100 units or anything in between.  

I want to know the problems, the setbacks, the victories, the impact of regulation, what you like, what you hate, how you manage it, what the numbers look like, etc.  Is it the way of the future for landlords or will the man shut it down.

0Reply
16 views

Most Popular Reply

Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
5y
Originally posted by @Justin Pierce:

Wow, Coffeyville, population 10,295 an hour from Tulsa and 3 hours to Kansas City? You're keeping STR's occupied there? Why are people renting your places? What are they coming to Coffeyville to do? That's fascinating.

 There is a petrochemical refinery and nitrogen fertilizer facility here.  It employs about 600 locals.  It also uses specialty labor, traveling contractors for short term jobs.  Welders, pipefitters, electricians, boilermakers and other master craftsmen.  They get a per diem.  I rent them STRs for the same price as a motel room.  They also have to take a drug screen first in order to get a badge that gets them through a gate at the refinery.  My official day job is giving drug screens.

See this reply in the discussion

7 Replies

Jump to latestLatest
  • Investor · Fort Washington, MD · Member since 2014 · 1k+ posts · 1k+ votes
    5y

    Sorry, not in DC but my STRs at Snowshoe are doing good. 

  • Justin PiercePro Member
    OP
    Rental Property Investor · Woodbridge, VA · Member since 2008 · 543 posts · 121 votes
    5y

    @Mark Cruse that's interesting too. I still might message you to chat about that.  Thanks.

  • Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
    5y

    My 23 STRs are in the "worst place to live in Kansas".

  • Justin PiercePro Member
    OP
    Rental Property Investor · Woodbridge, VA · Member since 2008 · 543 posts · 121 votes
    5y

    @Paul Sandhu, how is that working out for you? What town in Kansas is it and what makes it the worst?  

  • Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
    5y
    Originally posted by @Justin Pierce:

    @Paul Sandhu, how is that working out for you? What town in Kansas is it and what makes it the worst?  

    Coffeyville Kansas
    Property values, crime, education, household income, unemployment rate, social opportunities.  But it works for me and my 23 short term rentals.
  • Justin PiercePro Member
    OP
    Rental Property Investor · Woodbridge, VA · Member since 2008 · 543 posts · 121 votes
    5y

    Wow, Coffeyville, population 10,295 an hour from Tulsa and 3 hours to Kansas City? You're keeping STR's occupied there? Why are people renting your places? What are they coming to Coffeyville to do? That's fascinating.

  • Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
    5y
    Originally posted by @Justin Pierce:

    Wow, Coffeyville, population 10,295 an hour from Tulsa and 3 hours to Kansas City? You're keeping STR's occupied there? Why are people renting your places? What are they coming to Coffeyville to do? That's fascinating.

     There is a petrochemical refinery and nitrogen fertilizer facility here.  It employs about 600 locals.  It also uses specialty labor, traveling contractors for short term jobs.  Welders, pipefitters, electricians, boilermakers and other master craftsmen.  They get a per diem.  I rent them STRs for the same price as a motel room.  They also have to take a drug screen first in order to get a badge that gets them through a gate at the refinery.  My official day job is giving drug screens.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.