Updated about 3 years ago on . Most recent reply
MS- airbnb deal- pros?
Hello! I found a duplex 3/2 each unit for sale in MS gulfport area 14 minutes from the port. I know that I could rent long term and after mortgage and Cap Ex. make $500 or so of cash flow- however because of my dad that use to work close by I know this area has a lot of transient workers because of the ports and its also right next to the international airport. Since I would be investing out of state- this was what i came up with, I can find a resident manager to live in one of the 6 rooms, (free rent and a commission for when are turned over, she/he keeps common spaces clean) I furnish the house and do airbnb at $75/night per room. At 66% occupancy for the 5 rooms it would be, $7500/month, minus mort, tax, insurance, fees to the manager, bills etc- I could clear $4000/month. That's airbnb which is a lot of work I can also contact the companies that work in the area and also offer corporate housing. I think it is a good deal with alot of potential- how do i find the companies in the area and what the actual transient population is?