All Forum Posts by: Alice Smith

Thanks for everyone's help so far!

But then that brings up another question. How do I even know what kind of people my airbnb neighborhood caters to? I tried to look up some reviews on nearby airbnb and everyone was just like... oh great host etc etc but never mention why they were there.

Hi everyone, 

Newbie to STR here. So I narrowed down my market already and am starting to go to open houses. When you go to open houses, how do you decide if it's the right house for STR (after the numbers make sense)? For example, if I were choosing a house I'd live in, usually one house just clicks with me vs the others, aka, there is certain styles of kitchen I like etc and certain location in a neighborhood( not facing the main road and not at the entrance of the community bc I don't like noise etc). How important are these things for STR? I'd imagine with a renovated kitchen the nightly rate can probably be higher than a basic old kitchen. But what about noise level? Would people mind that much? And is there a kind of style of house that would work better than others(not planning to renovate myself)? Market is a suburb.

Thanks!

Alice

How do people find out if there is any local regulation on STR? State and county level STR regulation is easy to find. What about at local level(city's) and HOAs?

Thanks!

Hi all,

Currently looking to buy a single family home for short term rental. Given the declining housing market, how have people been adjusting their bid offer? Are people trying to bid lower than the asking price? Obviously this depends on the situation. But what is considered to be a "fair price"? Looking at zillow and taking the average of the current estimate and the estimate 2 years ago before the pandemic? 

Thanks.