Has AirBNB ruined LTR market

[Nathan Jensen]

Has Airbnb lead to properties being sold for more than they are worth? Has it ruined the ability to do a cash flow analysis without even considering going Airbnb. Lately, I try to look at buying properties with the scope that I will need to cashflow and get at least a 5% ROI as an LTR property, then if it makes sense to convert Airbnb and make more I will. However, it has been hard to find any property that actually shows any bit of a return.

[Michael Baum]

I agree with most others. Nope.

Just because a STR could cash flow more than a LTR doesn't mean it will. It might not be legal. It could be in an area that people don't want to stay. I feel that at least 3/4 of the US is just that. Great neighborhoods to live, worthless as a destination.