What to do with a snowbird rental?

[Karine Ingraham]

Hi All! 

We are looking to buy a single family in Tucson for my MIL to rent from us in the winter.   My husband grew up down there so he has some familiarity with the area.We are wanting to hold on to it for use as a future rental property when she no longer uses it- possibly Airbnb or military or college rental? 

My question is - what do you do with a rental in the summer? Is there any market for an Airbnb or do you just close up the home? Would a condo be a safer choice in that respect? This would be the start of our real estate investing, so all input is welcome! Thanks!

[Jim Sestito]

@Karine Ingraham 

Rents are very inexpensive in T AZ - perhaps MIL could just rent and you guys could buy a property to rent out with a 12 month lease to a professional.

If mom can find a pad for 700/mo and you can find a place that brings in 800/mo its a win in my book...

Maybe down the road if you want to transition that home to self use you could.