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Updated over 2 years ago on . Most recent reply

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James Hunter Kight
  • Real Estate Agent
  • Hillsborough, NC
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Long term rental or AirB&B in Danville, VA

James Hunter Kight
  • Real Estate Agent
  • Hillsborough, NC
Posted

I have a rental property in Danville, Virginia.  Still a year or so from the new Casino opening there, and my property is vacant at the moment.  Do I put another tenant in on a year lease and then short term once the casino opens, or should I start short term now.  There is no debt on the property and taxes and insurance are cheap.   I feel it may not do as well short terming until the casino is open but would give me some needed experience doing short term.  So, do I short term or am I overthinking and just need to stick a tenant in it on a year lease?

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