LTR vs Airbnb (31+ days)/Furnishedfinders for 4bd/2.5ba SFH?

[James Phan]

Hello all, my mom's 4bd/2.5ba rental property in SW Las Vegas has a tenant turnover at the end of February. Her home is fully paid off, but she is all ears regarding ways to maximize rental income. The house was built in 2005, has been previously rented for years as a LTR, and has most likely not seen many renovations.

Firstly, may I ask for suggestions regarding which renovations would most likely maximize rental income? 

Secondly, may I have others weigh in on their experiences with Airbnb (31+ days, not STR), Furnishedfinders for traveling nurses/businessmen, or even rent-by-room model in the Las Vegas area? If you have specifically have a similar size home or have a property in the SW area, I would greatly appreciate further insight into the viability of such rental models.

For reference, I am a complete newbie to real estate, but I have am a traveling healthcare worker and have signed many leases or seen examples of the furnished rental model work in California where I have been working. I would love to see if any of these models have worked for those of you in Las Vegas. I understand that all of these models would require much more management due to turnover, cost of furnishing (average estimate that I could find was $10/sq ft), potentially paying utilities/wifi/Netflix per month, cleaning fees. Any other cons/considerations that I should think about?

Example of Airbnb (31+ days) that I have found online:

https://www.vegaspropertymanag...

https://www.airbnb.com/users/7...

Example of Furnished Finders for same SW area:

https://www.furnishedfinder.co... 

Examples of Rent-by-room for same SW area:

https://www.roomies.com/rooms/...