San Antonio Short Term Rental

[Aaron Bihl]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $90,000

Another Airbnb on the SW side of San Antonio.

What made you interested in investing in this type of deal?

The area and a goal to pick up another rental.

How did you find this deal and how did you negotiate it?

MLS - I gave away my commission.

How did you finance this deal?

Conventionalish. I used host financial.

What was the outcome?

Several months later it is finally listed, I expect it to do pretty well as a budget airbnb. I hope to gross 2k a month as an STR

Lessons learned? Challenges?

I bought this in July and it's been a bit of a nightmare. I had it completely furnished and was robbed the first week of owning it and they took everything, even my paper towels and thermostat off the wall. Even a sweaty branded Somos work shirt I had left on the flor. I've had to rip out the wall and replace some of the plumbing around the shower, my HVAC has broken, a few little cosmetic fixes took longer than they should. I've had some issues with insurance.