When looking for an Airbnb the most crucial part will be the location of the property. I would also look for attractions, amenities, or uniqueness within the area you are searching in (Possibly historic area, strong employment growth, etc).
The most important piece of all of this is that you check the regulations of the area to see if they allow short-term rentals or not. With strict regulations and rules, it may make a perfect area not so perfect after all.
If I can ever help, don't hesitate to reach out at all!
Seeing a lot of STR questions popping up in the forum, and large transition from LTR. Definitely seeing a good amount of competition in the market. However, STR does allow for some strategic lending options. Lets chat strategy soon. Cheers.
Investor · Chicago, IL · Member since 2020 · 148 posts · 97 votes
4y
Hi Denise! Location, amenities, and attractions are a great start for researching short-term vacation rental properties. The travel demand has been trending to rural/rustic/scenic locations. Find a good realtor who knows the sweet spot in the area and understands the rental regulations to help you find the right property. Let me know if you want to talk more about investment strategy! Best of luck in the new year.
When looking for an Airbnb the most crucial part will be the location of the property. I would also look for attractions, amenities, or uniqueness within the area you are searching in (Possibly historic area, strong employment growth, etc).
The most important piece of all of this is that you check the regulations of the area to see if they allow short-term rentals or not. With strict regulations and rules, it may make a perfect area not so perfect after all.
If I can ever help, don't hesitate to reach out at all!