Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

99
Posts
165
Votes
Riaz Gillani
  • Lender
165
Votes |
99
Posts

A lot of "Air Bnb Ready" properties for sale ...

Riaz Gillani
  • Lender
Posted

Has anyone else noticed an increase in properties that were previously used as an STR for sale? (often times with the furniture included)

Normally I'd default to inflation and subsequent market uncertainty. And that may in fact be the cause. But, with the chance to make 4x what an LTR would otherwise make ... there must be something else brewing.

Now consider this: NYC currently has more Air Bnb listings than it does apartments for rent - putting a downward pressure on daily rates even though home values continue to increase. 

To me it feels like too many people jumped into STR, underestimated the difficulty in making it work in a reproducible way and had one of those harsh learning experiences.

If this is true - where do we go from here? Would you consider buying an STR property that was previously unsuccessful? How much stock do you place in your / your team's ability to increase reservations?

Most Popular Reply

User Stats

300
Posts
327
Votes
Lisa Graesser
  • Rental Property Investor
  • The Villages, FL
327
Votes |
300
Posts
Lisa Graesser
  • Rental Property Investor
  • The Villages, FL
Replied

I think STR's have been glorified by many. With many people jumping in to try and make a fast buck, not realizing all the work, effort, time and hospitality required. Those unprepared and not willing to give what it takes will fail even in a good market. So yes, if knew the market and know that others are operating successfully I would definitely purchase a previous unsuccessful STR.

Loading replies...