My wife and I just bought our first home in the Little Rock area and are planning to get into short term rentals. I am looking to hear from investors who have done this in their cities. Little Rock isn't necessarily a vacation destination but looking to capitalize on business travelers. Any advice is greatly appreciated!
@Logan Williams Congrats on getting into it. I would say an office space and business supplies could be a great win! You could also gear it toward traveling nurses. I would try and see when you need to raise or lower the prices based on the Gov Calendar of when people come in town. I would still try and attract other family and vacation travelers also.
Yes @Logan Williams, as @Ryan Blackstone said, that area is popular with travel nurses and Medium-Term or month-to-month rentals. Furnishing your unit can get you 1.5x+ the market rent of a long term rental.
Make sure to advertise on furnished finder as well as airbnb to find your tenants.