Short Term Rentals / Air BNB

[Kasey Destache]

Hi BP Fam! 

I'm curious if there are any short term rental investors who live in my area (Los Angeles, 90066 area)? I'm located on the westside near Marina del Rey and Venice Beach. I'm currently renting out a backhouse/studio but short term rentals have definitely caught my eye. My family lives in the front house. 

I could almost double my current income if I were to turn this studio into a short term rental as I'm so close to the beach and located in a nice area. However, does anyone in the area have experience with this? What does a bad month look like? Do the pros outweigh the cons? 

Any feedback is greatly appreciated! This question is out of pure curiosity as my current tenant is on a one year lease but if/when he decides to move, I'd love to double my income. However, I also want to make sure I still have my time freedom. I'm aware that there are additional stresses that come with short term rentals. 

Thanks! 

Kasey