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Updated almost 3 years ago,
Looking in Savannah, GA to build first investment property
I live in Atlanta and want to build a house as an AirBnb investment property in Savannah, GA. I am an AirBnnb host in our primary residence, but I want to expand to an another property. I am trying to figure out if this is a wise decision for my husband and me. I would like to build a 2 bed/2 bath bungalow. The city requires that short term rentals be 30+ days in the area where I am looking to build. Can anyone give me some guidance as to what I can expect for the occupancy rate in the area? Also, how much should I expect to pay for taxes, insurance and utilities in Savannah? Thanks for any input!