Short term rental in Columbus, Ohio

[Jessica Yim]

Hello everyone, 

Newbie here and wanted to get some insight on next steps on our RE journey.

We are currently living in Columbus, OH (Dublin/Worthington area). We would like to either rent our current house now or turn it into a short term rental. Renting to tenants would be preferred but I don't think we can get a good rate of return (our home is $225,000, and I'm not finding many places in our area that rent out for more than $2k a month). It's hard to estimate what we'd be getting each month for a short term as well - we are in a decent location, but its still the suburbs.

What kind of measures do you use in making these decisions?

Thanks!

[Zeke Liston]

Originally posted by @Jessica Yim:

Hello everyone, 

Newbie here and wanted to get some insight on next steps on our RE journey.

We are currently living in Columbus, OH (Dublin/Worthington area). We would like to either rent our current house now or turn it into a short term rental. Renting to tenants would be preferred but I don't think we can get a good rate of return (our home is $225,000, and I'm not finding many places in our area that rent out for more than $2k a month). It's hard to estimate what we'd be getting each month for a short term as well - we are in a decent location, but its still the suburbs.

What kind of measures do you use in making these decisions?

Thanks!

 Hi Jessica, I would reach out to several Airbnb hosts in your area to see if they can give you an estimate of monthly earnings. Although, I have a feeling that a long-term tenant might be the way to go in this area.