Corona Virus and Air BNB

[Andrew Geller]

I have recently purchased my first property in Denver, CO with the intention of AirBNB short term rental. My question is for AirBNB owners: have you seen an effect on bookings (or upcoming bookings) due to the current virus scare? I am debating between short term and long term rental, would prefer to AirBNB but worried the timing might not be great. Any opinions are welcome! 

[James Carlson]

@Andrew Geller

I tend to think this Corona Virus seems overblown considering the death rate among those who get it is so low. That said, the virus does appear to have already slowed down travel internationally. That will come to the US at some point. 

One thing I wonder is whether you plan on living in the home? I ask because in Denver, Airbnb rentals are only allowed in your primary residence. And those trying to skirt the short-term rental rules are getting caught at a higher rate than most other cities. (Not only that, but the city has charged a few people with felonies over breaking the STR laws.) So be sure you're operating within the rules (or be sure you're okay with the risks.)