Short-term Rental (airbnb) vs. Executive Rental

[Lionel Johnston]

Hi Folks, 

I'm looking at a higher-end loft-style condo in a historic/artsy neighbourhood. Two obvious options are to do a str mainly through Airbnb and my own connections or rent it as a longer-term executive rental. Clearly, the str has the most to gain/lose and the executive rental is more stable but the upper end is lower. 

I realize everyone will have a different opinion based on their experience, but please share insights and opinions. If it matters, we've invested in RE for 14 years but that was with sfh and longer-term rentals, which is why I'm asking for your insight.

Notes:

1. Furnished lofts in both cases

2. Exec rental is based on $4000/mth which is on the high-end in our city but it is a great location and space. The range would realistically be from $3,500-$4,500. 

3. Airbnb is based on $300/night at 15 days/month. Personally, my wife and I just rented a comparable but smaller Airbnb for $258/night. The range is likely $2-3000/month to start with an upward potential of $5,000-6,500+. 

4. Funds are in Canadian, but that doesn't likely matter other than relative pricing being around $225/night USD. 

Thanks! 

Exec Rental:

 airbnb Model: 

[Dave Stokley]

I agree with @Paul Sandhu for the most part. Business travel as we know it is over. Does that mean your Airbnb can't cater to business travelers? Of course not. But personally I'm targeting the work-cation crowd by simply adding remote work friendly spaces to most of my units: good wifi, a desk with nice chair, extra monitor, maybe a printer.