Rental Properties in Airbnb

[Juan Vasquez]

I have a 3/2 home in the outskirts of winter park, fl. This home has a pool and a great view in the backyard and it is fully renovated from top to bottom and has marble floors. I had a terrible experience with my tenants so I am not renewing their lease that ends on October 31.

A. I am trying to decide weather I should rent it to someone else and cash flow $800/month. Already have someone interested that has a 40 lb dog.

B. Short term rent it on Airbnb. Already listed it on Airbnb and currently have bookings for 1 week (~$1,000) for the month of November, December, and February. Since I did not include furniture in the pictures I listed it at $20-30/night less than everyone else. In order for me to cash flow $800 I would have to book it for at least 3 weeks at the current rate.

I have until October 31 to decide. Which option do you recommend?

[Jerry W.]

@Juan Vasquez, you missed the point of @Nancy Bachety, if you have already listed it for a week in each of 3 months and are still undecided if you are going to do a vacation rental you are highly unethical.  You entered into a contract that you apparently have no intention of following through with.  This is not some lark.  Someone is going to plan an escape from the grind of work and the doom and gloom of the pandemic.  They will have saved up money and vacation time to go to the south and enjoy themselves, only to find out the reservation they made is yanked out from under them and they have to either pay a lot more and break their budget, or settle for a fleabag hotel, or maybe even worse sleep in their car.  You could easily ruin their entire vacation.  You are not cut out for a vacation rental.  You really need to care about people and them enjoying themselves to do well.  You obviously have no concern for their welfare.  Cancel all reservations now, return the money, and rent it long term.