[USER]

Any airbnb owners in here? Did you take out a mortgage for it or pay cash? Is it profitable?

Are you an Airbnb host? If so, I’m curious about your experience with financing your property.

Did you take out a mortgage to purchase it, or did you pay cash?

Additionally, I’d love to hear about the financial side of things—has your Airbnb venture been profitable?

Any insights or advice would be greatly appreciated!

[Gary]

Market is saturated in our area, prices and Interest rates are high. Would not be worth it to me right now.

[Fatima]

We just started ours this yr. Took a loan out. A company is handling it with fees but we have been dealing with any issues ourselves so far (considering managing it by next yr) without the fees it would be more profitable.

It’s an ADU in the backyard with its own entrance.

[Courtney]

Currently we have 1 STR and it was originally our primary residence, so we have a mortgage on it.

Our current primary residence we plan to convert to a STR once renovations are complete.

So far it’s been profitable, granted we bought our first when interest rates were extremely low and before housing prices significantly increased.

[Stacy]

I have a luxury STR w a mortgage (townhouse w HOA) in a college town that is doing well still.

Plus my kids want to live there w roommates when/if they go to college.

My other STR is doing Way better as a furnished Midterm rental. 90 day rental where tenant pays utilities and lawn maintenance…

He has extended several times such that it has been an entire year now.

Made much more than STR, tenant covers utilities and has been easy to self manage

[David]

A lot of people bought vacation rentals during Covid and many markets got saturated.

Been looking into this myself but am a few years away.

Hoping the market will rebalance again by then

[Megan]

We have 9 properties we are currently STR. 2024 is down about 30% from the previous two years.

We are considering going back to long term renting them.

My advice is to not only make sure you get a great deal on the price, but research your competition as well.

We are largely paid off and have been short term renting since 2019 when there were few other listings in our area.

Buying right now at these prices and number of other listings definitely would not make sense in our markets today.

[Arun]

I don’t think it’s that profitable with real estate prices up along with high interest rates.

Even if you don’t have a mortgage it’s still a challenge.

Hiring a pm is like having your pockets picked.

Airbnb and vrbo take their money plus listing fees.

Run your numbers anything over 6% net plus appreciation is a fair buy.

I have one at the jersey shore 12 weeks season.

[Dana]

I have mortgages, I do exceptional at both my short term and long term, very profitable.

It’s the location though, a popular mountain town in CO that became known due to the pandemic.

The pandemic also changed the way people traveled, they want their own house and privacy.

[Author]

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