Airbnb (short-term rental) managing in Kansas City, Missouri

[Wei Xia]

My name is Wei Cox and I am currently managing one of my investment properties as airbnb or short-term rental. I do notice a growing demand for short-term rental in the KC area. I wonder that anybody from out-of-state investing in the KC area want to turn their traditional rental properties into short-term rentals? And if you are doing that, how are you managing your properties? Do you need a local co-host to help you with that?

[Tom Sharkey]

I do professional management of short term rentals (STR) in the Kansas City, MO market. I own and manage 5 of my own. Most of my portfolio is in Midtown/Westport/Plaza area. Obviously when COVID hit the scene in mid-March, business came to screeching halt. Ever since June there has been an amazing bounce back. June was back to good numbers. July and August were our best months ever.

While I understand COVID is still around, the strategy is still solid. It's just a good idea to be ready to pivot with a traveling nurse/clinician in the event that COVID or civil unrest ramps up.