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Updated 5 months ago on . Most recent reply

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Robbie Shiver
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12
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Short Term Rental Alternatives? Need Help/Ideas

Robbie Shiver
Posted

Hi all, I'm wondering anyone aware of a resource that would provide alternative options for a property that is currently listed on Airbnb? 

For context - I have a five bedroom home, split in two units in ATL. I live on the top floor but have also rented out both floors previously via STR. The bottom floor is a permanent STR.

At this point, living on the top floor of an STR no longer fits my life and while it has been somewhat profitable depending on the month, I can no longer handle the hassle of management and would be taking a loss if I used a standard airbnb property manager. I've heard they take about 20% of booking profits...

I'm wondering if anyone has any ideas and/or resources that I can look in to for different options for my home.  I have another long term tenant in a different property and that runs smoothly.  However, the mortgage and taxes are too high in this home to go that route.  I don't want to sell because I'm in an appreciating neighborhood but definitely need to look in to some other, potentially more creative solutions.

Any help would be much amazing, thanks everyone for taking the time to read my post!

  • Robbie Shiver
  • Most Popular Reply

    User Stats

    14
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    6
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    Erin Lenhardt
    • Real Estate Broker
    • Chapel Hill, NC
    6
    Votes |
    14
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    Erin Lenhardt
    • Real Estate Broker
    • Chapel Hill, NC
    Replied

    Furnished MTR is another route you can go. This space is also getting competitive, but you could try listing for monthly stays only on Airbnb, VRBO, etc. There are other sites and also insurance housing companies that focus on longer furnished stays (for instance, furnished finder), but having done both MTR and STR I much prefer STR. Other operators prefer MTR. Good luck!

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