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Updated over 2 years ago,
First Property- Airbnb vs Traditional Rental
Hi everyone,
I own a property in North Houston that I will soon be vacating and renting out.
Out of curiosity I looked into Airbnb/VRBO and found that there is one other house in my neighborhood listed on those sites, charging 267 per night. The house has the same setup (4 bed 2 bath, within 50 sqft) as mine and is in the same neighborhood. Looking through her availability calendar it seems that she has at least 15 days booked up each month all the way through December of this year (averaging $4000/month before expenses).
Based on my market research and advice from my realtor I could charge 2400/month to rent out the house with a traditional rental agreement.
Some location details:
- 20 minutes from Houston Intercontinental Airport
- 10 minutes from The Woodlands
- Near 2 major highways (99 and I-45)
Mortgage ~$1600/mo
Utilities (power/water) ~ $250/mo
I would really appreciate some opinions on which is the better approach for an inexperienced landlord.
Thanks in advance!