Air BNB....rehab and rent

[Curry Blackwell]

getting knee deep in Air bnb offers in several cities.  I'm not hitting the "major" vacay spots, but more in line with local events; wine festivals, wedding venues, etc...  I would love some back and forth with folks already in this space and their good, bad and ugly...Thanks

[Nathan Gesner]

Originally posted by @Michael Glaspie:

Here in our market, my partner has a very successful AIR BNB that is one unit in his quad. The one Air BnB brings in more than the other 3 units combined. I say this not to boast on our market, but to highlight that there are not many 'events' that would attract visitors. We are next to a large military base which attracts short term visitors all the time. So, you may want to look at other attractions beyond amusement parks, festivities, vacations, etc. Military bases, in general, may be great locations (especially those that host basic combat trainings). 

Can you provide actual numbers? It's common for people to say they "bring in more" with a vacation rental but is that after accounting for the costs? 

This is one of my pet peeves because people claim their vacation rental makes $20,000 a year instead of the $12,000 they would get with a long-term rental. However, they fail to account for the cost of furnishings, utilities, taxes, marketing, insurance, consumables, management, or their personal time spent.

In most cases I've investigated, a long-term rental will perform as well - possibly better - than a vacation rental with far less work.