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Updated about 7 years ago,
Short Term Rentals in the Long Term (Columbia, SC)
Hi all! I recently purchased a multifamily property in an established neighborhood in Columbia, SC. I have a (good) tenant in one side, and I am in the process of sprucing up the vacant side to make it a little nicer (new paint, modernizing fixtures, minor repairs, etc). I was planning to live in it for a while, but was interested in using Airbnb (or others?) to short term rent it out once I move on, rather than move a new tenant in. Can anyone give feedback on this strategy, including upsides, downsides, pricing, vacancy rates? Thank you!!