Short-term Rentals in Dallas

[Steve Lee]

Hi all,

New to the forum. My wife and I are going to start real estate investing in Dallas. All little bit about us... we moved here from California last year in July (a little before the mass exodus started). We currently have a 2 bed/2bath condo in the Carrollton/Addison area near Beltline that we are planning to start a short-term rental with, specifically Airbnb. Just wanted to get some advice from anybody who's experienced in the short-term rental business here. 

Is this a good area for Airbnb? I've been on Airbnb and kinda dissecting other listings and their occupancy rates. Just wanted to see if anybody has first-hand experience/advice.

[Bruce Lynn]

Just FYI most condo HOAs don't allow AirBnB type rentals.

I've only seen a couple in DFW area that even allow 30 day minimum rentals.

So make sure you check with your HOA to make sure it is allowed or know what the consequences are.

Also if you are in Addison they require STR registration and they have a consultant they pay to check for non registered units.

Not sure about Carrollton if it is actually in Carrollton.