All Forum Posts by: Cassandra Staffieri

I’d rather get advice from people who either have Airbnb’s in New Orleans or know the Airbnb market down there. I know about Airbnb’s, I know about renting vs. owning etc. ... I want to know about New Orleans. Thanks.

@Richard Lee .. it’s simple. I profit about $1000 per week per property between April-October. Sometimes more. November usually around $500 profit per week per property. Winter months you’re looking to break even. It’s working out fantastic. This is why I want to go to New Orleans.

@Paul Sandhu @Paul Sandhu ... I do have my own house. I bought a two family in May in Wakefield MA. Not a hot market for Airbnb’s. It is an investment to rent and then Airbnb it. I asked for advice from people who have Airbnb’s in New Orleans. For me, it has been EXTREMELY PROFITABLE renting in Boston and then putting them on Airbnb. I profit around $1,000 per week between April-October on each property I have. With that money I have been able to buy a two family and re invest in other rentals. So for me, renting properties and then airbnb’ing them is fast money, whIch I am looking for rIght at thIs moment. I plan to buy a condo in Myrtle Beach next year and also Airbnb’ing that. So thanks anyways.

@Jackson Pontsler http://rentingyourplace.com There’s a whole list of everything you need to know about Airbnb on there.

I’m interested in any feedback anyone has on short term rentals in New Orleans. I’m looking to rent and then sublet (Airbnb). I currently have 17 in Boston and am looking to start in New Orleans. I’m looking into the commercial short term rental license. I know they’re currently discussing changing the regulations again so I’m not sure if anyone Airbnb’s there and has some advice! Any help is appreciated thanks!

Well.. when I wanted to start an Airbnb in January 2017 I didn’t have enough for a down payment on a house in a Boston. I started with renting one apartment in Boston and then Airbnb’ing it. Fast forward to now, I have 9 Airbnb rentals and I had enough money to put down on a 2 family in May of this year (not Airbnb). Airbnb has been extremely profitable for me and the landlords all know I airbnb the apartments. They raised it $100 each apartment after the year lease was up. It didn’t effect me at all, but I’m in Boston where the Airbnb business is extremely profitable. The issue is, if I bought in Boston, and then decided to Airbnb, I wouldn’t be able to do that come August 2019 because of the new laws. So honestly, it all depends. I’m extremely happy with the path I chose.

@Charity Youngblood Add Boston to the list. They are shutting them down effective 8/31/19. You have to live in the unit or next to the unit and there’s a limit on the # of days it can be rented. So even if you own a house/condo and if you don’t live in it/next to it, then you can’t Airbnb it or put it up as a “vacation rental”. (Same difference to me). They just added some of the strictest laws I’ve seen since NYC.

Mike Hurney I have been on Craigslist, contacted people on Craigslist and also posted on there. That's why I am also putting it out on Bigger Pockets. Why not give it a shot?

Tarun Bhalla In my opinion, Newton isn't necessarily a great area to Airbnb. I haven't found there to be high occupancy rates there, even in the peak seasons. I think some of the best areas are Somerville, Cambridge, Allston, Boston (South End, Back Bay, North End, Fenway etc). Anywhere near colleges, transportation (trains, bus stops), sports arenas, or popular areas will get high occupancy rates at higher prices.

I am currently in the process of finding a realtor, property manager or landlord who is willing to let me Airbnb. I own an Airbnb cleaning and management company and I know all of the ins and outs. I know what works and what doesn't, and how to be a successful host. I have a lot of experience in this area and would love to be able to take that experience and profit from it with the Airbnb business. I am also in the process of looking to buy a multi-family house, but not in the Somerville/Cambridge/Boston area and this is the area where Airbnb is the most profitable. If anyone out there can help or would like to talk about this, please feel free to respond to this or inbox me! Thanks :)