AirBNB SHORT TERM RENTALS

[Vincent Finn]

Hi BP fam, I am interested in purchasing a short term vacation rental.

Where are some locations (city, state) you have found to be successful? Please share the location and why?!

Thank you

[Ken Latchers]

"Where are some locations (city, state) you have found to be successful?" 

First, don't get hung up on "the right spot" . When it is far from you and you need a property manager, that 30% plus or minus can really take a bite out of your right location. And there are other issues when you were a remote and something bad happens.

Second, think real estate investing 101. Trying to find a really good deal in a good location. The price of the unit and how much it cost to prep it in furniture is half of the ROI formula along with the Revenue / expense

Third, the most important thing is just making sure you have really educated yourself in all the various parts of short-term rentals.

I would start with "are there any drivable locations within 30 miles or so that are good tourist or City locations that make good returns."