I seriously considered it, when the reservations for March and April all were cancelled.
Did you move to LTR? I did not move to LTR; My situation may be different than many others, in that my listing is on the same property as I live, so I’d really want to know the person before I committing and even then I’m not sure I’d want such. I realize I like the flexibility that STL provides. It allows me to host family, friends, and some neighbors’ family (around the holidays), or no one at all. But if I came across a STR guest that worked out and they approached me for LTR, that’s when I’d consider converting. I’ve had a few “Covid Nomads” that might return after it cools down in AZ that are already “tested”.
Are you getting the money you need? technically I don’t “need” the money, but the answer is YES; in May AirBNB bookings quickly turned around and they continue to come. June, July, & August bookings have made up for the shortfall of March / April. I’m now on track to match revenue, if not exceed 2019. This, despite the gap days now inserted, which have a larger impact because of my 3 day minimum.
Any tips for someone considering this? Many, especially @JJD, provided great information for long term leasing in this topic