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Updated almost 4 years ago on . Most recent reply

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4
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3
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Colin Hassell
3
Votes |
4
Posts

Selecting market for first Airbnb

Colin Hassell
Posted

I've been contemplating the idea of an Airbnb for sometime and have been reading all I can for the past year or so.  Where I have been struggling is determining what market to enter.  Since this will be my first airbnb, I'm looking to buy a property in the 200-250k range.  I'm a bit overwhelmed when looking at the entirety of the country and then trying to narrow down to other markets from there and finding ones that meet secondary criteria for occupancy, ADRs, etc.   Any advice on how to down select and hone in on markets would be greatly appreciated, especially when price is a main consideration (mainly because this is my first property and would want to dip my toes in first).

Thanks in advance!

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