Pros and cons of Air BNB over traditional renting?

[Bobby Pagliarini]

Just fully rehabbed a small studio unit in my 3 family house in Providence, RI. My friend who lives across the street has been successfully using Air BNB and I'm wondering if I should give it a shot or sick to traditional renters. Would love to hear people's opinions and experiences with similar unit.

[Kyle Brodwater]

@Bobby Pagliarini it seems you have a direct comp right across the street. If your buddy is faring significantly better with air BnB than with traditional renting...then you need to decide how much work you want to do. I manage my own air BnB and it’s not passive income by any means. My wife and I do turnovers because we take pride in our rental and strive to keep our “super host” status and maximize our cash flow. There are excellent property management companies that specialize in air BnB. We choose to do it ourselves. Ask your buddy for his numbers.