Any experience doing Airbnb in Midtown Houston?

[Account Closed]

I'm considering the rental options for a studio in Midtown Houston. 

Does any one have any experience using Airbnb in the Houston area? 

If so any feedback on market for Midtown /Downtown? 

[Ken Breeze]

Like a broken record, the trick is to find out the perfect Location, Location, Location ;-) 

Many STRs break even or even lose money because the math needs to make sense in terms of year-round high average occupancy rates necessary to pass the break-even threshold. If you don't at least break even with all your necessary expenses (insurance, maintenance, management, etc.), you're fooling yourself, like so many others I consult with, that Airbnb can be a fun and great income idea. Do your homework BEFORE you lose money.

I almost did, when we explored purchasing a condo in a very well visited European summer vacation destination in the Mediterranean Sea, Mallorca Island (completely a dream by the way). We tested two mock-up rentals (I should probably dedicate a few blog posts about all my findings) and found that in a cycle of a year we wouldn't even break even. And now that the local government went ballistic and maliciously shut most of Airbnb down by scaring citizens and owners with exorbitant penalties (the dark side of the force is strong), this topic is off the table in this paradise until things change. But heck, the world is our oyster, right?

Check out  EverBooked ,  Mashvisor , and  AirDNA for some very accurate and cool data to gain more certainty on Airbnb rental predictions. Their reports are an excellent tool to include in your presentations to lenders, private capital investors, partners etc. You can also send me a DM or check out my Airbnb profile to study what I'm doing right or not so well. Always a good study.