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Updated over 2 years ago,
To LTR or STR condo in Irvine, CA
Hi All - Closing soon on a 3 bedroom, 2 bath townhouse in Irvine, CA. This will be our SFH that we will move in to eventually (next fall Maybe, could be as late as summer 2024.
I am looking to gauge if it's relatively painless to run an AIRBNB in Irvine and how the demand is (is there demand in november/february? Sumer only? I am thinking if the short-term can be upwards of 5K/month compared to a more well known # of roughly $3200/month on a long-term tenant that it would be worth it. I'd have to buy everything needed (furniture, wifi, tvs, couch, beds, etc.).
I do know Irvine has stricter regs on airbnb and the shortest you can go is 30 days, so that has to be kept in mind. If anyone has any advice thank you in advance for chiming in!