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Updated over 3 years ago on . Most recent reply
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- Real Estate Agent
- Cincinnati, OH
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AirBnb in suburban areas, what are you seeing?
I am finishing a renovation project right now in Cincinnati, Ohio that is a triplex and I am strongly considering doing a STR on the top unit. This would be my first STR. My main concern is how areas without a specific tourist draw are doing? I understand markets will vary, but any feedback or others experience would be super helpful! This is a C+ neighborhood, the building is being fully remodeled and will be very nice after its done. It is within 15 minutes of downtown and most of the major hospitals in the area, I understand there are a lot of travel nurses coming to Cincinnati right now so that could be a potential avenue for short term tenants. If you have any experience with STR in residential areas, I would love to hear your thoughts and past experiences. Thank you for your time!
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I recommend pulling numbers off AirDNA. They will show saturation and occupancy rates. Good luck!