Should I rent or AirBnB my Newly Renovated Rowhome?

[Franky Aikens]

It's better sweet, but after just two years in Philadelphia, I'm moving back to New York to another fully reno'd house in 6-8 months.

The sweet part: I'm moving to a town I love, and into a house, we'll renovate in the way we want to live for the next 20 years.

The bitter part: We took a fixer-upper in one of the most desirable areas of Philadelphia (East Passyunk) and renovated it into an absolute gem. My wife is a high-end residential interior designer, and our house looks as beautiful as the multi-million dollar homes she designs for her clients. Everyone whose seen our place (including appraisers and agents) said it's unlikely that there's another home like it in South Philly. Could we sell it? Of course, but I don't want to.

So, my question is - given the current housing market, interest rates, and the opening of the city (bye-bye covid) - should I rent or do short/mid-term stays?