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Updated over 2 years ago, 09/11/2022
Newbie to Airbnb: New Orleans
Hey BP!
I am excited to announce that I'm closing on my second house hack tomorrow! It is a side by side duplex that I originally analyzed with a long term rental. The numbers are pretty good and I'll be living in the middle of the city for a very cheap price. However, I was thinking about doing Airbnb on the other side instead. I've never done Airbnb, and under normal circumstances (without COVID), I know that New Orleans would be a great place to do it. But as we all know, there is a pandemic still going on and a lot of New Orleans is still shut down. Does anyone know if this area is still profitable for the short term rental strategy? Or should I just stick to doing a long term rental? Any suggestions would help, thanks!