To Keep or Sell?

[Erik Sivertsen]

Hello all,

I own my primary residence in the Salt Lake valley. I got divorced and began traveling for work. Most of my time is spent away, with housing paid for by the company I work for. My residence just sits, but is still my primary, and I pay the mortgage. My children and ex have moved out, and I’ve had to make some essential updates.

The property is unique with, in my opinion, much potential for development for AirBNB (not sure how that market is doing), mid term rentals (I.e. nurses or other medical professionals), or weddings and events.

I’m new in this space and know I need some networking. I could sell the home and get the considerable equity to invest in other properties, or develop this one.

I’m looking for opinions and possibly networking.

[Zach Edelman]

Have you sought any data to validate the STR potential of the property? This would be a solid place to start. Air DNA, Rabbu, and Revedy are three data sources that I would recommend!