Airbnb downtown Columbus

[Alya B.]

Hi all- I would like to start an airbnb in downtown columbus. High st or Neil ave. 

I have been sniffing around for nearly a year and a better understanding of the area rental market.

it seems long term rentals are no go as there are so many competitors and rent could go as low as 850$. Please correct me if im wrong.

That said it seems the airbnb short term rental business is doing okay (some cash flow?).

Any insights if this is a bad idea? Going the airbnb route?

[Robin Simon]

Quote from @Alya B.:

Hi all- I would like to start an airbnb in downtown columbus. High st or Neil ave. 

I have been sniffing around for nearly a year and a better understanding of the area rental market.

it seems long term rentals are no go as there are so many competitors and rent could go as low as 850$. Please correct me if im wrong.

That said it seems the airbnb short term rental business is doing okay (some cash flow?).

Any insights if this is a bad idea? Going the airbnb route?

 It can get pretty complex versus long term rentals - I'd highly suggest using tools like AirDNA that has pretty sophisticated data and projections on STRS in every market before pulling the trigger