AirBnB pros and cons versus a Multifamily Investment?

[Eric Piccione]

What would be considered a good versus bad buy?

Also, how would this differ income wise than a duplex, and pros and cons of each.

I've heard if the city allows it, airbnb trumps a long term rental since income is higher, they respect the property more, and it allows for the investor to get a property for a lower price. 

Are these true? 

Also, what other differences are there?

Thanks in advance everyone!

[Gina DiMasi]

Hey @Eric Piccione, 

We have had awesome experiences with our Airbnbs, even in areas where it may seem like there are already a lot out there. It really comes down to how you can be different (themed stays have worked well for us). 

Obviously an airbnb would involve more work but like you said, the profits from it have trumped our long-term rentals by far. 

Some more differences off the top of my head: 

-Airbnb's business model allows you do even do arbitrage, so not even needing to invest in a property if you're in a super high priced market

-LTRs offer more stability of course, but nothing is guaranteed

-Airbnb is more hospitality business and not real estate. It is all about customer service (how quickly you can fix issues/respond)

My question for you is, have you considered purchasing a duplex and maybe doing LTR in one side and STR in the other? Then you get to see first hand which you personally prefer and which aligns with the kind of investments you want to be making in the future.

Let me know what your end decision is. Best of luck!