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Updated over 5 years ago,

User Stats

15
Posts
6
Votes
Andrew Rodriguez
  • Investor
  • Harrison, NJ
6
Votes |
15
Posts

Jersey City AirBnB Advice

Andrew Rodriguez
  • Investor
  • Harrison, NJ
Posted

I'm about to make an offer on my first property, a 2 unit house-hack in Jersey City, NJ. The downstairs unit is a bit small and will yield around $1,700/mo in rent. However, the locatin of the property is great, only a 15-20 minute bus ride to Manhattan, a close walk to Hoboken or the light rail. As a result, my agent said the downstairs unit will yield $2,800 - $3,000 as an AirBnb property. I'm looking for advice as a prospective first-time AirBnB host, particularly in Jersey City. 

- Is it is difficult to AirBnB your house hack? What have been some challenges you've faced?

- How good is the Jersey City Heights area for AirBnB? What type of guests does it attract?

- Is there any reason to create an LLC? Usually that's not necessary for your first house-hack multi-family, but does AirBnB change that?

Any input is greatly appreciated!

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