Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

85
Posts
47
Votes
Brad Shepherd
  • Syndicator
  • Austin, TX
47
Votes |
85
Posts

Mid-term STR by room or whole house? East Austin

Brad Shepherd
  • Syndicator
  • Austin, TX
Posted

I have a house in far East Austin (just east of 12th and Webberville for those familiar with the area) which I originally intended as a flip, but now I'm in love and can't let it go. Kidding, but the full story is much longer and boring.

I have one property I rent as an STR and I'm considering doing the same thing for this house, though it's much further outside the city center and a 20 minute drive from where I live as opposed to a one-minute walk. One thought I've had is to go with a mid-term rental approach making it a 31 day minimum rental, renting the whole house. Then I talked to another local investor who's renting his out by the room with a 31 day minimum. He's even further out of town but crushing it. Says he gets a lot of traveling nurses.

I can't get my head around strangers being ok sharing a house with another stranger, how to handle the make ready at turnover, and if some potential guests are going to want to meet/vet the roommates.

The upside is the increased revenue potential. The downside - ? Are there potential roommate issues? Do I have to worry about mixing genders? Other hassles? Has anyone done the roommate STR scenario before and able to offer advice? Any guidance on the mid-term plan would also be welcomed.

Loading replies...