Great meet-up last night - some Marietta contacts, pls?

[Bridget Cantrell]

Hey, gang,

I enjoyed networking with everyone at the Meetup last night.  High five to Jered Sturm and Steve O'Brien for a great event.

As followup, I would appreciate contacts for great property managers and home inspectors in Marietta.

Background to my situation: I started Air BnBing my home mid-January since I travel a lot for work. It was going awesome until the HOA contacted me yesterday and said leasing homes for less than one year was strictly forbidden.

Everything always happens as it should though.  It was the push I needed, so now I'm pulling the trigger for my first rental property.  Lease out my current home, househack and then Air BnB the  second one.  Rinse. Repeat.

That being said - I need a property manager for my current home and a home inspector to help me verify the amount of work truly needed on the one I purchase.

Thanks all for your help and advice,

Bridget

[Paul Kennedy]

@Asim Alam higher average rents (could be easily 2x-4x more depending on property and location based on some properties I've analyzed with an AirBnB in mind), but also higher vacancy and turnover costs (although some turnover costs are mitigated by an added on cleaning fee). Just need to make sure your property is somewhat central to some sort of attraction that would generate demand for short-term rentals (universities, airports, sport/entertainment complexes, businesses, long-term construction projects, etc). 

Look at AirBnB and see what the competition looks like in the area of your rental. If there are a good amount of properties with a fairly high number of reviews then you can reasonably assume demand and get an idea of market rents. You can also check out the booking calendars of properties in your area that keep their profile updated and get a general idea of vacancy rates. If there are only a few rentals and/or not many reviews or weeks of vacancy in active profiles, you might be looking at low demand in the area for AirBnB. So, while you can get twice or more the average nightly rents per unit (or even more if you are renting out individual rooms) if that also comes with 20-50%+ vacancies then that could easily negate any gains -- and then you'll have the added headache of greater wear and tear and the cost to turn over the property multiple times per month.