Would you AirBnB your property?

[Tom Donnelly]

Hi bp community - I'm interested in your opinion on why you would or would NOT short-term rental your property. I talk to property owners almost everyday and while some are completely for the STR model because it brings in more cashflow, others are against it because of a "horror" story they've heard from a friend of a friend. If your property could generate more cashflow as an STR and there are no restrictions in your area (HOA, county etc...), is there anything else that would be holding you back?

Tom 

[Rachel Jacobson]

Even if there were no HOA or local restrictions, I think it depends a lot on your personality. Operating a short term rental is much more like being in the hospitality industry than in real estate. Your short term guests expect more than your long term tenants, and your business can thrive or die based on reviews.

The constant turnover and the rush to get everything ready for the next group can also be exhausting. Some people love it; others prefer the stability of a long term lease.