Long Term Rentals vs AirBnB Investing

[Alex Wise]

In 2022, I’d like to choose a route to start my investment portfolio. I don’t own any property yet and based on lots of content and people sharing their many years of experience, I see the value in investing in long term rentals.

However, more recently there’s been an influx of content about people cash flowing a lot of money per month as AirBnB/VRBO investors. In a good market, popular rentals can make thousands per month and with new platforms being created to make booking, cleaning and managing AirBnB rentals easier, it has some strong appeal.

Has this been a popular discussion topic lately for others too? Has anyone tried both of these avenues or can speak from their own experience navigating new investments between these two worlds?

Feel free to share any resources I can check out that might give me some clarity and direction.

[Jimmy Woodard]

If your goal is cash flow, STR wins in a landslide. Here are some general tips for you:

You can determine the revenue potential of a property with tools like Airdna and Rabbu, but make sure to research sites like Airbnb as well.

Find a reliable cleaning crew and handyman, they are the lifeblood of your business.

Also look into pricing tools like Beyond Pricing and Wheelhouse (you’re leaving money on the table if you try to do it on your own).

Last but not least, research your competitors in the space. Make sure to offer amenities guests will expect, and amenities that separate you from the competition.

Good luck and feel free to DM me with any other questions!