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re: Purchasing property to short term rent

Posted on 4/20/24 at 10:16 pm to
Posted by TigerMan327
Elsewhere
Member since Feb 2011
5431 posts
Posted on 4/20/24 at 10:16 pm to
You’re late to the party bud. STR isn’t the play anymore. Big cities are kicking Airbnb down a notch and current interest rates eat your profit
Posted by Billy Blanks
Member since Dec 2021
3936 posts
Posted on 4/20/24 at 10:44 pm to
quote:

You’re late to the party bud. STR isn’t the play anymore. Big cities are kicking Airbnb down a notch and current interest rates eat your profit
Posted by Tiger Prawn
Member since Dec 2016
22593 posts
Posted on 4/21/24 at 2:23 am to
quote:

Big cities are kicking Airbnb down a notch
Yeah make sure you take a look at local politics when it comes to STR’s. For example, I think NOLA requires a license to operate a STR and you have to claim a homestead exemption on the property as your primary residence.
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