Hows baltimore for Airbnb? Anyone successfully doing?

[Jae Ham]

How is the baltimore market for Air bnb? Would you mind sharing your numbers and insights? Would like to find out more! Much appreciated!

[John D.]

      I have a good friend who's doing really well with what we call "mid-term" rentals in Baltimore.  His typical rental period is 1-2 months, and he gets roughly double the monthly rate of a standard year long renter.  So far, vacancy is rather low.  He rents primarily to people working in hospitals, and to grad students.  They are typically looking for a place to live for a month or two as they get to know the area, before they move to something more permanent, after they know more about the area.

    Airbnb is not a magic bullet though, he's on a dozen or so sites, and airbnb is less then 25% of the overall volume.