Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

1,612
Posts
629
Votes
Ken Latchers
  • Hatfield, PA
629
Votes |
1,612
Posts

Furnished studio rental ideas?

Ken Latchers
  • Hatfield, PA
Posted

I am closing on a former bed and breakfast in a tourist town. There are four lovely furnished guest rooms with in room/en suite bathrooms. It is grandfathered, but has been closed for over 10 years. I have NO interest in being a bed-and-breakfast owner!

So I am considering short and long-term furnished rentals to singles. My goal is to maximize revenue rather than occupancy. i plan to put small kitchenette in each...microwave, 7cf fridge, storage & shelving, small counter, etc

My plan, your thoughts or ideas?

advertise each room as a furnished Studio/efficiency or room using:

Turbotenant 

Craigslist 

furnished finder (travel nurses, etc)

Airbnb monthly type rentals

local newspaper 

Most Popular Reply

User Stats

1,009
Posts
622
Votes
Nancy Bachety
  • Rental Property Investor
  • Sag Harbor, NY
622
Votes |
1,009
Posts
Nancy Bachety
  • Rental Property Investor
  • Sag Harbor, NY
Replied

If you were the end user of each of the five listed, what’s the competition like? What is the demand for each? Tourist town sounds like Airbnb is your best revenue producer except you sound like you’re interested in monthly’s. Why monthly’s at a tourist BnB location? 

Loading replies...