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Updated over 5 years ago on . Most recent reply

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27
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6
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Sandy Sciales
  • Rental Property Investor
  • Wilmington
6
Votes |
27
Posts

Fractional Ownership or Airbnb? Which would you recommend?

Sandy Sciales
  • Rental Property Investor
  • Wilmington
Posted

So we originally planned to move into the home then decided to keep our daughter in her current school. We have renovated this beautiful 4 bed, 3 bath Pool home on Amelia Island, it's a bike ride away to the beach, 7 minutes by car. Hence we do not want to sell it because even with the renovations, it is a great value with equity already.

We are furnishing it with a beachy theme with the intent to airbnb the place to cover some of the costs. Now I am thinking twice especially since we reside 6 hrs away in another state.

I see fractional ownership advertised on realtor.com and thought that a family who also have a vested interest in the property would take better care of the home than the occasional vacation tenant.

If you have any experience ( with fractional ownership - or airbnb remotely) that you wouldn't mind sharing with us - we would greatly appreciate it.

Sweet summer to you!

Sandy & James

Most Popular Reply

User Stats

346
Posts
227
Votes
Wendy Schultz
  • Property Manager
  • Wisconsin and Florida
227
Votes |
346
Posts
Wendy Schultz
  • Property Manager
  • Wisconsin and Florida
Replied

I would opt for short term renting over fractional ownership too. Trying to get several owners to agree could be more headaches than it's worth. 

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