Short-term rental investing means renting property to guests for brief stays, nights or days, typically through platforms like Airbnb and Vrbo, at rates far above what a long-term tenant would pay.
Log in to followTrying to size a check for this and I only ever see the purchase price discussed. A two bedroom condo in a tourist market, say $320k, 20% down is $64k. Then what? Somebody told me…
Finished framing out the deck on a two-bedroom I'm setting up for nightly stays in a small lake market, and the contractor left space for a tub because I told him to six weeks ago…
Trying to build the operating line of a model for two units and I keep guessing at the software and services layer. Specifically what people pay for a dynamic pricing tool, whethe…
Built out the apartment over my detached garage this spring, I did the framing, rough-in and finish myself, licensed guys on the electrical and the gas line. 480 square feet, one…
I run a residential cleaning operation, five years, seven people, mostly recurring biweekly homes and a few move-outs. Over the last four months three separate owners with nightly…
I've got a side by side duplex with long-term tenants in both halves. One lease ends soon and the nightly comps in that pocket are strong enough that I want to try it on that unit…
I've got a handful of doors and the cleaning side is the part that keeps breaking. Every cleaner I use is a solo operator, they cancel, and a Saturday cancellation in a market wit…
A client asked me to quote turnover cleaning on a house she hasn't bought yet. When I looked at her numbers, the deal works at 68% occupancy and $240 a night and it does not work…
I've spent most of my investing life on land and long holds, so nightly rentals are new ground for me and I'm asking as a beginner here. Two things landed on my list in the same m…
Posting the numbers because this room mostly has people asking whether the nightly model works and I have one full year of it now. What it is: two bed one bath cabin, about 1,100…
Two units in the same beach market, both listed all year, both with the same photos and the same review count. Rate stayed around $210 average because I refuse to chase the bottom…
I hold notes, I don't own the properties. With a long-term rental I can look at a lease and a payment history and get comfortable. On a short-term rental there's no lease and the…
I close in about six weeks on a two bedroom near a small college town and I'm stuck on turnovers. Local cleaners quoted me $95 to $130 per turn depending on whether linens are inc…
Looking at a small cabin about two hours from me and I can't get my head around the management side. Everyone in the comments of everything I read says get a co-host, they take 20…
Rural lake town, population under 3,000, the kind of place I like because the price points are low enough that a mistake doesn't end you. This one nearly did anyway. The property:…
Two things on my list right now and they're the same house in different rule sets, so I'd like to hear how people weigh this. Option one is a small resort city that capped nightly…
I run turnovers for a handful of owners and one of them keeps forwarding me screenshots of her numbers because she thinks I know what they mean. Her cabin shows an average daily r…
$465k, 3/2, walkable to the main street of a small tourist city. The city licenses short-term rentals annually and caps non owner occupied licenses at 4% of the housing stock. The…
This is the kind of question I'd have kept my mouth shut about in a room full of people, so here it is in writing. Two bed two bath condo in a lake town about two hours from where…
Bought a 3/2 ranch about a mile from a regional hospital campus in a mid-size market, $265k, 20% down, $22k to furnish it properly. All in cash at $83k including closing. Year one…