How to find what areas do well for Airbnb

[Daniel Muscarella]

Hi all,

I will be moving to North Carolina in August and plan to rent a place and then put it on Airbnb to make some money. However, I'm not sure what cities in North Carolina are good for airbnb. I'm familiar with AirDNA but I'm not too sure if it's reliable and accurate. If anyone knows the best places to make money off STR/AirBNB in North Carolina, please let me know.

Thanks

[Dave Stokley]

Welcome and good luck!

First, most of the vets around here are going to tell you that the arbitrage model is a bad idea. #1 it's not investing, it's just creating a job for yourself, #2 it's risky, especially as the STR market appears to be tightening as LTR rents rise, and #3 most landlords aren't interested in letting you do it, because they're either scared of STR or if it was a good property for it they'd already being doing it themselves.

But if you’re going to get in the game I suggest you pay for the Airdna subscription, which will allow you to see actual comps it’s using and determine for yourself whether they make sense or not.