Short-Term on Long-Term in Economic Downturn?

[Michael Metzger]

I’m curious to hear people’s take? I’m looking to convert a yearly lease rental property in Salt Lake City to an AirBnb by the end of 2021. But I’m pondering the following:

During housing/economic downturns, what do you all think will perform better? Short-term or long-term?

I’m appreciate the input as I consider my options venturing into a new type of rental.

[Sean McDonnell]

I think that no matter what the economy looks like people will still want to get away and vacation. As long as the numbers check out as a long term rental, which it seems like it does since that is what you are doing now, I would try out the Airbnb game. We were pleasantly surprised with the returns we got. Worst case scenario, you convert back to a long term rental! High upside, low downside