Seasonal Mtn Condo turned Airbnb and Traveling Nurse rental

[Kate Barry]

Investment Info:

Condo other investment in Dover.

Cash invested: $10,000

Condo unit owned outright, was inherited from my husband's mother. Its at the base of Mt. Snow so we Airbnb it as a ski pad during the ski season (late November to April 1st) and during the off-season we rent it out to traveling nurses on 3 month contracts

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

The opportunity of Airbnb rentals with location to the mountain. It took about 6 weeks to renovate (basics- flooring, propane fireplace, new appliances) and we have had steady income ever since. It rents for about $2500 per month during the season (November-April) and $1200 on the off-season

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

Husband owned it outright as an inheritance, I convinced him to invest our money to make it into a passive income that funded our 6 month trip to Tahoe

How did you add value to the deal?

Replaced the flooring, installed a new propane fireplace, installed wi-fi and TV with Netflix/Hulu/Prim

What was the outcome?

Excellent - its been a very steady source of income for us. We market it as a crash/ski pad and guests are very happy. Hope to become a superhost this winter

Lessons learned? Challenges?

Airbnb learning curve was tough at first. Have to really make sure things like linens, towels, and amenities are on the nicer side. Got an excellent cleaner and that made a big difference in our reviews

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

I'm a licensed realtor in VT and NH