STR in Primary Residence

[Nancy Revill]

Hey everyone! We just purchased a new build in February and have an unfinished basement of 800 sq ft. We are in the process of framing out two bedrooms, one full bath, a kitchenette/living room space and a closet for a stackable washer and dryer. We plan to live here as our primary residence and rent out the basement. We are trying to determine whether a STR or a MTR (traveling nurses/professionals) would be a good route in our area. Anyone in Salt Lake County have any experience in these type of rental markets? We are located in West Jordan, west of Bacchus Highway, so I'm concerned we are too far from tourist attractions to be successful in STR.

We are located in a HOA, but the CC&Rs do allow STRs luckily! Any input or tips would be appreciated!

[Jimmy Woodard]

@Nancy Revill why not do both? Sign up for Airbnb/VRBO and Furnished Finder and connect calendars so that bookings on one platform don't affect the other. Also check out Rabbu to see the STR potential of your address. Good luck and feel free to DM me for further questions!