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Updated almost 2 years ago,

User Stats

91
Posts
28
Votes
Tehane Gallimore
Agent
  • Real Estate Broker
  • Winston Salem, NC
28
Votes |
91
Posts

We are thinking about selling our highly profitable AirBnB

Tehane Gallimore
Agent
  • Real Estate Broker
  • Winston Salem, NC
Posted

Some people are likely going to laugh at me when I post this, but we own and operate a highly successful AirBnB out of Beech Mountain, NC. We are super hosts, award winners on Booking.com, and consistently are averaging 70% occupancy rates year round. Business is booming and we are cash flowing insanely well and we were super excited about how well things were going, however we have been considering selling it as an investment property to other investors. It might sound silly to some people, but I never intended for the home to become a second almost full-time job, but lately it has felt that way and we are getting a tad burnt out. All of the full service property managers we have spoken to will charge 25% to 30% commission plus don't appear to generate the same revenue so it wouldn't make sense to go that route because we would barely be breaking even for slower months. We feel a bit boxed in with our options so it has been a bit of a struggle. We would prefer to sell the home and reinvest in another BRRRR property which has worked really well for us. The cash flow is no where close to what we are making with the AirBnB, but it is way less maintenance and work once you have solid tenants in place. Not sure if anyone else has felt the same way and if you decided to keep at it or sell off your property? Thanks in advance.

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