All Forum Posts by: John Stoeber

Mashvisor is another site that has STR data

I'd like to bump this as well.

Does anyone have anything to say about RedEx's FRBO's?

I'm pretty sure this is what he's talking about. Very interesting read. https://www.google.com/amp/www.baltimoresun.com/news/maryland/investigations/bs-md-ci-million-dollar-vacants-20170728-story,amp.html

@Walt Dockery yes and yes.  The basement was the reason I thought the property could be a good AirBNB, but I need to see if there is enough demand in the area to use it as a vacation rental.

@Myka Artis I had never heard of Roomster before so thanks for sharing that. 

@Eugene Kemp yep definitely going to make sure it's legal if STR is the strategy I choose to use. There are some AirBNB listings in the area, but how do you check how busy they are?

@Account Closed Thank you for your response.  I am considering doing it with a couple of rooms, not the entire house.  The house has a large basement with its own legal bedroom and bathroom that I think would be great for an AirBNB.  There's also a bedroom on the first floor, and a room upstairs for me.  One option I was thinking of was making the basement into an AirBNB and renting the main level room to a long term tenant, but I'm not sure if mixing short and long term tenants is a great idea.

I'm analyzing a potential househack and am curious if it would be better to rent out the additional rooms on AirBNB and the other STR platforms than just renting the rooms to long term

The house is a 3bed/2bath Bungalow that is walking distance from downtown Towson, MD and Towson University. Downtown Towson is a very nice area that has a strong mix of bars, restaurants, retail, and some industry.  However, Towson is more of a residential area than a tourist destination, although it is only 20-30 minutes from downtown Baltimore.  Does anyone have any experiences they can share regarding short term rentals in areas like this?  Does this sound like a neighborhood where a short term rental could yield higher returns than a typical rental?  If anyone also knows of any websites where I can do some research on hotel demand and occupancy rates for a particular area I would greatly appreciate it.  

Edwin Campos do you have the land under contract? If not be careful about just giving someone you don't know the address to the property as they could go directly to the seller and cut you out of the deal. Do your due diligence. Jonathan Halverson I am not implying you would do this since I don't know you. I just think this is something Edwin should know going forward.

Bump

How long do you all mail this list, or do you use an updated version every time you mail it? The list is free on my county's site. Thanks in advance!