Need Advice on Best Option l

[Michelle Liulama]

Hi everyone, I just closed on a new build in New Braunfels, TX yesterday and thought I would STR my current house, in San Antonio, TX, which I owe $170K. Listening to a recent podcast on BP, it gave me the idea to Airbnb the property, which would decrease my moving expenses. I then start fresh with to furnishing my new house, which I plan to rent out 3 rooms, while I live in one.

Questions:

1) is it ever not a good idea to leave most of my furnishings for the Airbnb property? I listened to a podcast where the couple had the same furnishings for all their properties, for standardization and ease of replacement. I wanted to leave my furniture bc most of it was from the marriage home and I'm divorced. It'd be nice to start fresh. 

2) I know Airbnb has their set of rules on what to list it for but would I be better off doing STR or LTR?

3) Regarding renting out my 3 rooms in the new house, what tips and advice should I follow for a successful arrangement? 

I'm new here and a beginner investor. Any suggestions is highly appreciated. 🤠😊

~Michelle 

[Kristi K.]

Quote from @Kasi V.:

Hi Michelle,

I was looking at New Braunfels for a while. But the declining home prices were a concern. I am still interested due to the lower property taxes. 

Did the numbers work out for you. 

Sorry. I don't have suggestions for your question. 

Prices have come down a little in New Braunfels in the last two years but anyone that invests long term will be happy that they bought this year rather than next year.