Airbnb in Wisonsin and Milwaukee?

[Adam Kindwall]

Who on here is actively looking into the short term rental market in Wisconsin? I have been hosting on Airbnb in Madison for the past 4 years and looking into expand into other areas of WI. I am looking to purchase and also cohost for other investors. The Milwaukee market seems to have favorable regulations, but from looking at the Airdna data it seems most lake homes through out central WI can have a lot of potential. I am curious if others are actively buying in this area with the intent of the property being an STR? If so what specific areas are you targeting and how are the regulations?

[Adam Kindwall]

Madison's regulations for STRs are not great unfortunately. This is why I've been looking to expand into other areas of WI. The potential revenue that STRs can bring can double if not quadruple what is possible with a long term lease. It is a bit more hands on for daily operations though. You could certainly offer furnished monthly rentals for a greater rental price. The Madison regulations only apply for stays shorter than 30 days.