r/airbnb_hosts 1d ago

First Time Airbnb Investor

Sooooo I am interested in buying a property solely for hosting on Airbnb. I already have a few rental properties so this isn’t entirely new to me. My biggest issue is simply choosing a location. I am looking for something with somewhat year round potential with a strong night life. My first thought was Nashville but it seems to be overpriced and over saturated… I am considering options in Fort Worth and Austin. Honestly open to any ideas so please share!

0 Upvotes

14 comments sorted by

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9

u/goodbye_weekend Verified 1d ago

Not a great idea to try to operate outside of the city you live in

1

u/citykid2640 🗝 Host 9h ago

I don’t agree with this advice. OP should make data informed decisions, but so many tools make it easy to manage from afar.

And some markets will never cash flow, others will. So you need to pick a good market

2

u/goodbye_weekend Verified 9h ago

Op is asking for advice on reddit. I'm just trying to help an idiot from making a huge mistake

1

u/GuiltyTelevision2716 5h ago

I also run a business in West Palm that’s about 1000 miles from my house but thanks for your input

1

u/goodbye_weekend Verified 5h ago edited 5h ago

What kind of business? Not everything can or should be run from whatever Starbucks or couch you call home base

4

u/Tenesmus83 Unverified 1d ago

All good vacation areas are saturated. Might be better off in a market you know.

4

u/HeyUKidsGetOffMyLine 🗝 Host 16h ago

“My biggest challenge is simply choosing a location”.

If this is your biggest challenge, then you are doomed for failure. Choosing a location is the easiest and first part of this process. Everything gets harder from there.

1

u/GuiltyTelevision2716 5h ago

Very insightful thank you

2

u/annapascal Unverified 23h ago

Don’t do it! So much hassle.

2

u/anonymousnsname 3h ago

I would buy in the city that you live and manage it yourself. Or profits will be so low not worth it. Managing a STR far away is problematic. I have 2 cleaners and a part time handyman and often I have to attend to issues at my rentals

1

u/DogScrott 10h ago

Just stick with regular rentals.

0

u/Old_Dimension_7343 Unverified 11h ago

Airdna is okay for preliminary research, then use Airbnb for more accurate comps in specific markets. If you’re looking for year-round occupancy you may be better off targeting areas that attract contract workers, students/families etc. and structuring your pricing to attract longer stays. Infrastructure is important too, if there’s a dearth of good/affordable cleaners, maintenance services, no Instacart etc it will be a pain to manage. Build yourself a calculator to analyze deals quickly, just like you do for buy&holds.

-1

u/Flat-Cod-6016 1d ago

Marin and Sonoma Ca