Which areas in the Midwest are luxury airbnbs doing super well?

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Which areas in the Midwest are luxury airbnbs doing super well?

Susan Tan
Rental Property Investor · Houston, TX · Member since 2019 · 212 posts · 149 votes

I'm planning for my 1st luxury airbnb rental as part of my 2021 real estate goals. What areas do you see are really successful for short-term luxury rentals? If you own airbnb rentals that are booked for over $200/night, please connect w/ me. I've already purchased a lot of chairs, side tables, writing tables, and 12 mirrors from the historic Waldorf Hotel Auctions in MA.  

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Eileen Yee
Member since 2021 · 9 posts · 7 votes
5y

I don't own an Airbnb property but was highly considering airbnbing my home. It is a duplex in Grandview Heights, Ohio. (Columbus area). 3bd 1bath. Very close to a college campus and I heard that they book very quickly around football season. I think in regards to luxury rentals, it possibly seems like you'd be looking at purchasing a SFH.

In Columbus right now you do need a short term permit to operate an Airbnb.


hope that helps!

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  • Eileen Yee
    Member since 2021 · 9 posts · 7 votes
    5y

    I don't own an Airbnb property but was highly considering airbnbing my home. It is a duplex in Grandview Heights, Ohio. (Columbus area). 3bd 1bath. Very close to a college campus and I heard that they book very quickly around football season. I think in regards to luxury rentals, it possibly seems like you'd be looking at purchasing a SFH.

    In Columbus right now you do need a short term permit to operate an Airbnb.


    hope that helps!

    1Reply
  • Timothy Lewis
    Investor · Miami, FL · Member since 2013 · 377 posts · 258 votes
    5y

    The condo market in Miami is booming for luxury STRs.

    0Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    5y
    Originally posted by @Eileen Yee:

    I don't own an Airbnb property but was highly considering airbnbing my home. It is a duplex in Grandview Heights, Ohio. (Columbus area). 3bd 1bath. Very close to a college campus and I heard that they book very quickly around football season. I think in regards to luxury rentals, it possibly seems like you'd be looking at purchasing a SFH.

    In Columbus right now you do need a short term permit to operate an Airbnb.


    hope that helps!

     I would probably advise against airbnbing your 3/1 home in Columbus. I have 4 airbnbs in Columbus and they are all 1/1s.

    These allow me to avoid people throwing parties, cheaper to furnish, and cheaper to clean.

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  • Brandon GoldsmithBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2020 · 1k+ posts · 1k+ votes
    5y

    I agree with @Remington Lyman. A lot of airbnb owners seem to have more success from the smaller units and this helps to save costs, but you can always tests it out for a gameday weekend or 2 and see how it goes. @Eileen Yee

    [email protected]614-963-3340
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