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Has anyone listed a home on Airbnb for a monthly basis?
Posted on 6/4/24 at 10:42 pm
Posted on 6/4/24 at 10:42 pm
Just weighing some alternatives to selling my home. Any feedback would be much appreciated.
Posted on 6/5/24 at 4:43 am to bass
We rented to travel nurses. Typically a 3-month minimum. They want things fully furnished like an AirBNB and pay a hefty premium over a traditional rental for it. Good tenants and a lot of them will extend their contracts and stay a year. They will typically look for places on furnishedfinder.com, which is where we advertised and found our tenants.
They have a cool resource where you can get a feel for the demand and pricing for your market here LINK
They have a cool resource where you can get a feel for the demand and pricing for your market here LINK
This post was edited on 6/5/24 at 4:46 am
Posted on 6/5/24 at 6:59 am to bass
I’ve been in a couple since December 1st. 1200 to 1600 sqft $3500 to $3600 a month fully furnished in Spring/Houston.
This post was edited on 6/5/24 at 7:00 am
Posted on 6/5/24 at 10:27 am to bass
What are the details of wanting to do this OP? Not wanting to move your furniture out for something like a deployment or what not?
Posted on 6/5/24 at 3:15 pm to baldona
Trying to get into a new home but it isn’t an ideal sellers market right now.
Posted on 6/5/24 at 4:37 pm to bass
I was just curious why you wouldn't consider listing it as a long term rental? I've rented with the stipulation it was only for a certain term length of say 15 months at most.
Posted on 6/5/24 at 5:43 pm to bass
quote:
Trying to get into a new home but it isn’t an ideal sellers market right now.
I thought of all the options and ended up selling my home in BR and I ended up renting air BNB’s and now I’m in a month to month rental that’s furnished.
Probably could have got a good amount for my house for Airbnb but didn’t like the idea of people living in my house on my shite. Not to mention it will probably be a wash once I put the equity in a high yield vs what I would clear after mortgage, air bnb fees, utilities, lawn care, and pool maintenance.
This post was edited on 6/5/24 at 5:54 pm
Posted on 6/6/24 at 1:31 pm to Rize
If you do it right and get some luck there can be a lot of money made renting a home for a year or two before selling. The rule is that you have to live in it for 2 of the last 5 years. But my understanding is its a cliff at 3 years, so you have to rent it out and sell it and close within 3 years of living in it. If you can do that and sell your home without any capital gains and it appreciates during that time you can do very well.
But, its not easy.
But, its not easy.
Posted on 6/6/24 at 1:34 pm to bass
I convinced a family member to convert their unused garage into an airbnb. Brings in about $2k a month on AirBnb in a relatively small Louisiana town.
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