Short Term Rentals - vacation/Air B&B
I am an agent that specializes in buy-and-hold rentals but I am interested in buying a vacation rental for short term tenants or air B&B rentals. This will be brand-new for me so I would like to hear from people that have found success in this area and especially if you have a calculator or formula you use to help you shop.
Thanks in advance!
Most Popular Reply
Hey Vincent, I currently run a short term rental company. Glad to hear you're considering jumping in. I'd be happy to help with any questions you may have. One quick word of advice, check the ordinance in your area and don't rely on calculators, non are perfect. Use sites like airdna for comps and for an idea on what you might be able to bring. Ask yourself these questions to determine a good area are; Is there any hotels within a 5-10 mile radius? Is there an airport within a 30 mile radius? Whats the areas main attraction? Is it a business town? Is it a beach? And more important then everything else, know the customer you are attracting. If you get that down ods are you will succeed. Hope that helps!