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Updated about 3 years ago, 11/29/2021
Can bad neighbors kill a short term rental
I'm considering converting one of my properties from a LTR to a STR whenever the current tenants move out. After running the numbers, the house would be way more profitable as a STR, even despite the city's (Philadelphia) 180 day limit. However I lived in this house a few years ago as a house hack, and I know this block tends to get the occasional/sometimes frequent drama with a select few neighbors. There's also a vacant lot directly across from the house that is always overgrown, collects trash and sometimes undesirable visitors. Definitely an eye sore.
Has anyone experienced guest dissatisfaction and/or poor ratings as a result of bad neighbors near a STR property? The general area is nice- close to bars/restaurants, public transit, decent parking etc. And the house is newly remodeled, and will photograph well with some nice staging and furnishings. Its mostly a peaceful, friendly block. I just wonder how these things may impact ratings and business in general.
Thanks!