Raleigh / Durham NC Rentals or AirBNB

[Ulrick Edmonds]

As an investor in the Raleigh / Durham area of NC what areas have people found to be the most beneficial areas for AirBNB type investments?

Secondly what areas have investors found to produce cash flows consistently over $300 and if so what type of properties have been the most beneficial for those type of cash flows.

[Steven Griffith]

Hi @Ulrick Edmonds,

Raleigh has recently passed some pretty restrictive city ordinances on short term rentals, including AirBnB. I've included a link to the ordinance below. For me, I chatted with some local investors and ultimately decided against short term rentals here, although I know several others have had a large amount of success in Chapel Hill/Carrboro. The rules aren't as restrictive there as in Raleigh, or so I understand.

https://www.newsobserver.com/news/business/article230626659.html