Basement conversion short-term rental

[Calena Reynolds]

Hello BP!

I live in Johnson City, TN and am new to real estate investing. I'm considering converting my basement into a short-term rental as a house-hack and curious to hear perspectives on this endeavor and if you have any contractor recommendations.

Here's some background info:

- I live behind a major university

- AirDNA has favorable occupancy in this area (~79%)

- Basement is a walk-out with it's own entrance and already has an in-ground water hook-up

Thanks in advance for your help!

[Ashley Yoviene]

Sounds great! Make sure you call your town and make sure you do everything you need to register the basement as a short term rental.  Also, call you insurance company to make sure they will provide coverage for a str claim.