Airbnb in SLC experience

[William Crutcher]

Hello! I was going to connect with someone about their experience with Airbnb’ing a rental property in SLC. I have the funds to purchase a home/condo but am looking to learn from others experience! Thanks!

[Account Closed]

@William Crutcher, I do not personally own in SLC, but wanted to see what sort of input you may get on this post. When I was just trying to get started in REI, I did look seriously at Salt Lake. Since then, I have been able to get into the STR space and co-own two cabins in North Carolina. My wife and I have stayed in STRs in SLC on multiple occasions, and I continue to be interested in eventually owning there. Some of the things that have made me reluctant to look more seriously have been the high entry prices relative to projected rents as well as not having a good sense if the city or different municipalities could eventually limit STRs, putting someone in a difficult position if converting to a LTR wouldn't cover the mortgage.