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Updated about 2 years ago on . Most recent reply

User Stats

3
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0
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Mark Davis
  • Property Manager
  • Waterville, VT
0
Votes |
3
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air B & B a flip house?

Mark Davis
  • Property Manager
  • Waterville, VT
Posted

I am trying to sell my latest flip house.  We unfortunately finished it right when the interest rates went up this fall and everything slowed down around here. I'm confident that the house will sell but it's taking a little time. I am wondering if it's a good idea to air B&B it while I'm waiting to help cover the carrying costs. Has anyone done this and has it been worth it? 

Most Popular Reply

User Stats

192
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191
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Reed Rickenbach
  • Property Manager
  • Memphis, TN
191
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192
Posts
Reed Rickenbach
  • Property Manager
  • Memphis, TN
Replied

From my experience owning AirBnbs, I'm not sure it fits as a solution to covering carrying costs unless you're planning on selling it as a turnkey AirBnb. You will need to furnish, list and get reviews before any significant revenue comes in. Of course, if you're planning on holding it long-term that's a different story. Make sure to check for permits etc in your area. 

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