Short Term Rentals - St. Louis

[Brandon Carlson]

Hi BP,

I'm on the fence about whether I should purchase an SFR for a rental or Airbnb. I have identified some areas in St. Louis that meet the 1% rule, and quite honestly, I would be okay with those returns. The more and more I hear about short-term rentals and the cashflow you can earn, my interest has gravitated towards Airbnb.

Below are a few questions I have about Airbnb in St. Louis:

1. Has anyone had experience with Airbnb?

2. How has your experience been with guest/Airbnb

3. What should I know before purchasing a property?

4. How does COC return compare to Airbnb?

5. How do you manage the property?

I appreciate any input. Thanks

[Paul Sandhu]

1. I use Craigs List for my rentals.

2. I don't like Airbnb types of people because they don't stay very long.

3. Is it legal to do Airbnb in that jurisdiction?

4. 4x the rent compared to LTR.

5. By the seat of my pants.