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Updated about 2 years ago on . Most recent reply

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49
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Jeff Davis
  • Chicago
30
Votes |
49
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General contractors w/ Airbnb conversion rehab experience

Jeff Davis
  • Chicago
Posted

Hey Community - 

We're excited to share that we just closed on a 2-unit multifamily on the north side of Chicago. We plan to house hack and turn one of the units into an Airbnb. Although the building is an older building the unit is in pretty good shape and needs mostly cosmetic rehab/repairs. I'm reaching out to see if anyone can recommend any general contractors that have experience/expertise in light rehabs for converting units into Airbnb properties. We plan to mainly focus on the kitchen and bathroom right now and do additional work down the road as the listing starts to stabilize. 

We are also open to anyone that has any guidance/advice for the best way to approach this stage in our journey to rehabbing our new building as well as anyone that is currently going through the process and has any good hacks that can help us launch our Airbnb quickly. 

We're really excited about this process as we've been following BP for years and it's great to be finally putting all the great advice into action. 

Thanks again for any and all help the community can offer. Happy Holidays! 



  • Jeff Davis
  • Most Popular Reply

    User Stats

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    Michael Baum
    #2 Short-Term & Vacation Rental Discussions Contributor
    • Olympia, WA
    6,584
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    7,928
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    Michael Baum
    #2 Short-Term & Vacation Rental Discussions Contributor
    • Olympia, WA
    Replied

    Hey @Jeff Davis, gratz on the new place! As far as contractors go, any good contractor should work just fine for a light rehab. If it is pretty light, you could probably handle that yourself. Get your list together and see who you need and start looking. Save some cashola.

    Now, just to make sure, you have checked that STRs are legal in your area? Chicago can be a bit of a pile of hurdles. Did you already apply for the license?

    https://www.chicago.gov/city/e...

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