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Updated about 4 years ago,

User Stats

21
Posts
10
Votes
Connor Rice
10
Votes |
21
Posts

PURCHASED A CORPORATE RENTAL. NEED ADVICE!

Connor Rice
Posted

Hi BP community,

I purchased a house hack property and the upper unit was previously used as a "corporate" rental through AirBNB.  I will be living in the lower unit. 

My question is.....should I continue with AIRBNB with a 30-60 day minimum or draft up a M2M lease?  AirBNB charges a 3% fee, so I would like to avoid going through them.  I would also like a 30 day notice before the tenant vacates and that doesn't seem to be something I can set up on AIR BNB.  The tenant plans on staying until spring so I am just trying to weigh my options and think of all implications going either route.  I would like to hear your thoughts, especially from some people who currently own corporate rentals/Long term AirBNB.

Thanks in adavanced

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