Seeking advice on long term rental

[Alana Reynolds]

I purchased a home to airbnb. It's been dead, no bookings in September and still. First went live in April and had almost every weekend booked until September.  Cleared 4k a month in revenue l. Switching tactics to long term. Mortgage, taxes and insurance are 2,960

I have a showing to a family , the rent is listed for $3,200. 

I pay for pool service so cash flow would only be $50 a month. 

A company is also interested but wants to sublease. 

What would you do? I think the market is slowing and it's time to change tactics. I think the airbnb short term space is over saturated. What are yalls thoughts?

[Parris Taylor]

@Alana Reynolds You’re seeing what most hosts ignore which is that the Airbnb market didn’t slow, it matured. likely too much supply. 

I would lock in the 12-month lease and use the downtime to track every inquiry, rate, and seasonality on the STR side. That's your proxy for local demand.
 
Next time, buy in a supply-constrained area (zoned STR-friendly but low inventory). That’s how you get returns without more work