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Updated over 2 years ago on . Most recent reply

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Neil C Stark
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Airbnb or long term rentals for duplex.....

Neil C Stark
Posted

Hello Investors,

I purchased a duplex in which to house hack with my family.  The units are a 2 bed, 1.5 bath and a 3 bed 1.5 bath, all newly renovated with high-end appliances.  We rented out the other side on a 1 year lease for 1650/mo.  We were wondering if we lost an opportunity to BNB and make more money (at the time we were short on funds to furnish the unit for a bnb).  Our goal is to make as much money as possible to acquire more rental properties.  We plan to move out in a year and buy our (hopefully) forever home.  I am wondering whether or not to BNB both units or just one, or none.......The city is Palmerton, PA. It is 15 minutes from Blue mountain ski resort, white water rafting, biking, Beltsville state park, etc......I would also like to know the best way to research BNB in regards to occupancy rates in specific areas. Any help will be greatly appreciated....

Regards,

Neil

Most Popular Reply

User Stats

10
Posts
11
Votes
Neil C Stark
11
Votes |
10
Posts
Neil C Stark
Replied

Natalie

We had to drop 12 thousand dollars on a huge asphalt driveway to cover a temporary driveway used to cover fire damage debris.  I don't care if you don't buy the fact that we didn't have the funds. I had 1500 dollars in our checking and savings combined at one point. I didn't try it because I have never done it before and I wanted to gather more information first. I already own a long term rental and was weighing the benefits. I appreciate your response but don't assume so much of people and calm down a little bit if you want to offer advice to someone.

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