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Updated over 2 years ago on . Most recent reply
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Airbnb management question
First off, has anyone heard of circle city investments? Curious if they’re legit since they reached out to me on social media about managing my property. They claim to rent your property under a long term lease and then they source it out as an Airbnb and manage it all completely and take the profit and we just get the rent. Which seems good for us since we are newbies and not sure if our property would do well as an Airbnb so it would be a less scary way to try that out since we’d at least be getting the rent paid.
Second question, is that actually a legit thing? If so, are they’re any other companies in the indianapolis area you would recommend, so we could look at all the options?
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- Rental Property Investor
- Cleveland, OH
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Whatever you do don't rent it to a company like this. It's called "arbitrage" and it's the least profitable thing you can do with your property. If you're interested in seeing how it will do as a short-term rental but don't want to do the work you should just hire a STR management company that will charge you 20-30%. But, unless you're really opposed to doing the work, as someone new to the STR game it might be a good idea for you to do it yourself for a while and learn the ropes. Never be afraid to learn!