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Updated over 1 year ago,
A few questions as I'm considering transitioning LTRs into STRs
1) Would anyone in the Charlotte area be willing to share their STR revenue and occupancy last year? Ideally for a 3 bed 2 bath home. I've reviewed some resources and Airbnb, but it would be hugely helpful to see some anecdotal numbers.
2) Is there an ideal time of the year to be opening your doors to STRs in Charlotte?
3) What is the climate on STR regulation in the area? Based on what I've reviewed, it looks like there were some attempts to regulate over the last couple of years, but it had fizzled out. I've also read the state legislature has a bill attempting to block regulation on STRs completely. As it stands, I believe there's no current regulation in place other than an occupancy tax.
I'm considering opening up my property to short-term and medium-term as well. It would be nice to meet some connections who are doing the same. An ideal scenario for me would be to build a network that can pass on opportunities if, for example, our homes are full.
Looking forward to hearing from you!