Air BNBs in the St Louis

[Andre Taylor]

Any Local STL investors doing Air BNB? What are your thoughts is there enough traffic to be profitable?

[Elliot Smith]

Hi Andre, my company manages over a hundred units, and dozens of AirBnBs, in St. Louis. AirBnB can be a better ROI than doing long-term rental for certain types of properties and areas, but you need to be careful. Don't expect to buy a mundane/regular long-term rental in a so-so area, furnish it with grandma's old garage furniture, and expect a 2x profit vs. just renting it out long-term. If your property offers something above-average in terms of location and/or amenities and is photogenic it may be worth the extra investment to go short-term, otherwise stick to renting it out long-term. Our company offers free comp reports to serious investors that we work with (sourced from AirDnA) to help assess the potential of specific properties.