Thoughts on STR,Airbnb vs LTR?

[Michael Diossa]

1. What are your thoughts on investing in short-term rentals, such as Airbnb properties, versus long-term rentals?

[Konstantin Ginzburg]

STR:
Cons: Less passive, less steady revenue, involves higher risk tolerance, may currently be facing more competition with a shifting travel market.

Pros: Higher revenue potential

LTR: Essentially the opposite of STR. An STR with a high occupancy rate will typically lead to higher monthly revenue but you might have to deal with months during a slow season where the revenue dries up. One strategy that I use is to anticipate these drop offs and place in a medium term tenant into the property until I know the season should pick back up so shifting between the two strategies on a seasonal schedule.