So I’m looking to purchase a property for airbnb rentals but I don’t have a specific city in mind. I will not be living there, in fact regardless of where it is I won’t be near it, but the place could be a possible vacation spot. I was thinking of reaching out to turnkey since I will need a full time property management company and ask them where the ‘slam-dunk’ cities are and where they wish they had more inventory but I’m not sure if they are the best source of advice.
Off the top of my head I am thinking Ft. Lauderdale, Miami, San Diego (as you can tell I am interested in beaches).
There is an interesting article here http://blog.airdna.co/most-profitable-airbnb-cities-in-america/ that talks about which cities are profitable. Can this data be used to make an informed decision of where to purchase?
But an even greater concern is whether the short term rental property management market has matured to the point of being trustworthy. Long term property management has been around for decades and is much less ‘hands-on’ than what is required of of the short term management companies like Turnkey, Pillow, Guesty, etc.
How do i go about finding out which, if any, are reputable, and trustworthy?
Also, if anyone has any cities to recommend I’m all ears.