AirB&B in Mukilteo, Wa

[Ali Veiseh]

Hey all,

I’m looking into purchasing a water-view single family house with an attached MIL unit in old town Mukilteo, WA. It has 3100sf in three levels, with 5 bedrooms and 3.5 baths.

My broker thinks that it has a great potential to be leased as an Executive Suite or weekly/monthly AirB&B. He thinks that it could generate a much higher cash flow ($5k per month) than a conventional year-long lease ($3.5k-$4k).

While I have multiple properties under conventional leasehold, I don’t have any experience with other types of short term or the exec suite rentals. I’m wondering if anyone here has any experience with these types of lease in the Mukilteo area?

Thanks

Ali