Looking for advice on Staunton VA market

[Jen Allred]

I’m looking for advice or someone in the Staunton VA market. What’s the best strategy for a SFH for that area. Rent out rooms? Airbnb? Single family rental? 2b/1ba owner finance, open to finding a possible investor deal.

[Travis Rasmussen]

@Jen Allred

Hi Jen,

Not sure about the Staunton VA market, but I can lend my experience as an experienced host if you want to look into Airbnb.

First thing you want to look at is "Does this area have an appeal". We Airbnb extra rooms in our house and do one out of state. The reason we eneded up buying out of state is because with our hometown, we realized we are only booked on weekends because we are a wedding town. Yes, you can make some extra income, but it won't be consistent so it's good to learn what appeals to people traveling to your market if you are doing Airbnb.

In case you want to dive deeper into it, go into Airbnb and log as as if you are a guest and start to see the top properties. Are the top properties like yours? Are the properties like yours getting booked? If so, how much/how consistent and does it change depending on the season?

This will start to give you a general idea on the Short Term Rental market in your area.