How Long to Ramp Up?

[Chris Mury]

Hello BP Members,

I’m under contract on a 3-unit property in downtown St. Augustine, FL. I’ll be living in one of the units and renting the other two but can’t decide if I should rent the other units short-term or long-term. The numbers pencil out in favor of short-term renting but I’m curious to know how long it typically takes to ramp up a short-term rental. I’m sure we could have the units rented long-term in a matter of days/weeks as they’re in a great location with a strong demand. We don’t want to a long time to eclipse what we could have been doing all along as a long-term rental.

Is there anyone on the forums that could share their experience with getting a new short-term rental off the ground? It would be even better if you have numbers to illustrate your growth over time.

Thanks!

Chris