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Updated 8 months ago on . Most recent reply
Airbnb downtown Columbus
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$. Please correct me if im wrong.
That said it seems the airbnb short term rental business is doing okay (some cash flow?).
Any insights if this is a bad idea? Going the airbnb route?
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Quote from @Alya B.:
Hi all- I would like to start an airbnb in downtown columbus. High st or Neil ave.
I have been sniffing around for nearly a year and a better understanding of the area rental market.
it seems long term rentals are no go as there are so many competitors and rent could go as low as 850$. 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