New to BP/ Airbnb in atlanta

[Ana Cristina]

Hi BP Community, 

New to BG would love to connect with local investors. I currently have 2 rentals in the Chamblee area and my focus is in Norcross, Lilburn, Chamblee area. 

Im looking into a short term rental such as AirBnB and wanted to know if occupancy is still pretty consistent? is it still a good time to look into Airbnb or should I wait and see if there is a shift in the economy and travel is impacted. 

Also looking forward to any meetups in the city ! 

Thanks for reading ! 

Ana 

[Azeez K.]

Hi @Ana Cristina

Welcome to BP community. STR certainly lucrative but there would be lots of factors to consider when deciding to buy something solely for the purposes of STR. In regards to occupancy you will have to do a little bit of homework to figure out the occupancy in your farming area. You can do so by doing research on occupancy rates using sites such as Mashvisor/AirDNA and in conjunction joining some local STR facebook groups and talking to STR owners in the area.

Given the interest rates are trending higher I would proceed with caution as prices tend to work inversely based on interest rates i.e. when rates rise prices fall when rates are lower property prices are higher.

In addition, look at STR ordinances in the county that can impact the numbers. I have a STR in midtown that was impacted by STR ordinance in Atlanta. However, we stay pretty booked during the weekends and have less occupancy during the week but it more than pays up just based on weekend occupancy.

There are several meetups in the city so keep an eye on BP meetups or FB meetups. If you have any questions feel free to hit me up. Hope the above provides you with some guidance to make an informed decision about investing.

Good luck and much success.