Purchasing an existing airbnb property

[Amy Lin]

I am wanting to start doing STR and is in the process of searching for property. Do anyone has experiences or advices when it comes to buying an existing airbnb property? What are some aspects that I need to consider, how do I determine if this is a good investment? I came across a property that is listed and it is used as an airbnb property, I looked up the listing on Airbnb and it has less than 20 reviews and 4.4/5 rating. There is another property close by with half the price and has 100+ reviews and 4.9/5 rating. So I feel like the area is probably okay but the current host probably priced the property too high which could explain the reason for fewer reviews. There is no booking showing so far on the calendar either.

[Bruce Woodruff]

You'll get a lot more bang for your buck if you buy a house that is not already a STR and develop it yourself. Most hosts are going to consider their house worth more if, in addition to a nice house, you're getting a built-in income. I know I would.