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Subject Expert
Short term rentals have higher startup costs (furnishings), higher operational costs (you are responsible for all utilities), higher time commitments (coordinating cleanings, communicating with guests, etc.), and higher volatility. But also tend to yield higher cashflow.
Revenue-wise, short term rentals will almost always come out ahead. But it comes down to whether you can afford the startup costs and/or the time commitments that are required to run a successful short term rental.
Coach
Have you done the math to see what the financial upside would be? Airbnb is more work but can be worth it in the right markets.
Does your town / property have any constraints for STRs?
Airbnb would be a ton of hassle unless you got like some good company to run it for you. I’d go with leasing if it’s your first property abs you’ll see how much work that takes without having to think about occupancy rates every week / month. But if Airbnb is a hot market around you maybe it’s worth it (def more upside with Airbnb but more risk too)
I’d get a trial membership here:
https://www.airdna.co
And see what the market your looking to buy in is doing in terms of short term rental rates and occupancy %s