my city has banned airbnb.However, as OP asked, please share pros and cons.My initial impression is that daily rate is much higher and you could make more than you would in a long term lease, but potentially a customer could trash your place

In any case, respectful discussions of demographics are not banned from the forum so long as they have a bearing on real estate.

Some areas have had STR banned.

Hire this out right away either way.Then analyze the numbers and make sure this is a solid investment.Also make absolutely sure a STR is permitted and their is no talk about them being banned.

Both the new mayor and the new City Council are ignorant of both finance and economics, and will probably introduce rent control in the near future by seeking to have the state-wide ban repealed and then imposing a local ordinance.

What that won't tell you is what the future holds in terms of the association banning STR.

There's been an influx of homes for sale in Arlington with the new STR/Airbnb bans taking place.

Originally posted by @Lucas Carl: Where is @Paul Sandhu when you need himI was sort of banned from posting on here at that time. 

Regulations were passed recently banning STR in the city except in this zip code.

The question was, "is it OK to lose money on your first couple of deals...since it will be a learning experience".Now, what I wanted to say, if I said it, most likely would have had me banned from BP (LOL).