SFR Home converted into 2 short term (airbnb) rental units

[Beau Matlock]

Investment Info:

Small multi-family (2-4 units) other investment.

3 story home converted to 2 functioning Airbnb units. A 2BR/1BA Studio apt on the ground floor next to the garage with its own Side private entrance. Also, a 4BR/3.5BA 3500 sq ft unit above on floors 2 and 3. Very luxurious with contemporary design and high end features and appliances. Units can be rented sep. or combined for a much larger space

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

Really liked the idea of short term rental and having multiple revenue streams off of one property. SO far so good!

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

I partnered on this deal with home owner and investor. He originally wanted to sell the property, but with a small cash investment we converted this into two rental spaces.

How did you finance this deal?

Cash

How did you add value to the deal?

Basically knowing the ropes of the short term rental game and my portion of investment and current management.

What was the outcome?

Solid cash flowing double --short term rental

Lessons learned? Challenges?

Lots of learning curves with short term rental, happy to chat about it anytime!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I'm and agent locally and now manage several short term rentals with my team.