Renting your property vs AirBnBing it?

Microsoft Sup007
Nov 14, 2018 10 Comments

Would you share your experience of renting a property vs AirBnBing it?
How is your experience with AirBnBing your property ? Where is it located in Seattle and monthly income?
Considering buying a property and trying to figure out if doing AirBnB is worth it.
Any other tax benefits ?

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TOP 10 Comments
  • New DuQvV7x
    There is a lot of variance to this.

    I own several rentals. They are all cash flow positive to varying degrees with the older ones being cash cows and the newer ones not so much. I manage some and use a management firm for others.

    Point is, your market, and entry point matter a lot. My rentals are in the Midwest. Generally the rent is $1-$1.20/sf

    I bought an AirBnb experiment in Augusta, GA (just outside). Army base so lots of visiting army folks (price challenged) and Masters (cash cow). It’s 1k sf, rents for $120/night. $4k for the 2 weeks during Masters.

    With service contract, and AirBnb split, it’s basically the same as rent. So, for AirBnB, location matters. With tourist cities doing much better.
    Nov 15, 2018 5
    • Microsoft Sup007
      OP
      Ok so in this case, your $ earned is same as rental yet utilization/occupancy factor for AirBnB is 50% for rental is 100%.
      Nov 15, 2018
    • New DuQvV7x
      Yup. I also like AirBnb a bit better because the short term nature of the rental ensures there are less issues to deal with on turnover. Like tenants who put holes in walls to hang up pictures (wtf) or damage kitchen cabinet doors (dear lord why) or crack bathroom tiles (/r/youseeingthisshit)
      Nov 15, 2018
    • Microsoft Sup007
      OP
      Haha.
      Nov 15, 2018
    • Microsoft Sup007
      OP
      Xyzy if you don’t have anything to contribute don’t f troll my thread.
      Nov 16, 2018
    • Microsoft Sup007
      OP
      Lol
      Nov 17, 2018
  • Hootsuite Op80
    You will likely make twice as much (or more) using AirBnB vs renting because short term rentals are more expensive. I own a home in Denver that I rent full time with an annual lease. Rent covers my mortgage + HOA and a little extra. Very low maintenance and I can manage long distance. I live in nyc and rent my place on AirBnB while traveling for 5 or more days. Why 5 or more days? I don’t want to deal with the hassle of turning over guests since this is just a side hustle. My rent in NYC is $3300/mo for one bedroom and I rent for $250/nt. Have had 8 guests so far and all have been amazing. I’m also picky and make sure they have reviews. My settings are minimum 5 nights and a weekly discount to encourage longer stays. I’ve been very happy as an AirBnB host.
    Nov 14, 2018 1
    • Microsoft Sup007
      OP
      Does your building allows AirBnB then?
      How do you manage cleaning and stuff ?
      I guess I should look for buildings that would allow for AirBnB when looking for a rental condo.
      Nov 14, 2018
  • Microsoft Sup007
    OP
    Do you any company to manage cleaning and stuff for AirBnB ?
    Nov 15, 2018 1
    • New DuQvV7x
      I’m not sure if this question is for But I’ll answer.

      Yes. Unlike rentals, this needs a rapid turnover cycle. They also handle all customer communication.
      Nov 17, 2018

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