@Ky hills ,I'm glad you posted this thread. I've been considering building another house, probably a 2br 2 bath, to AirBnB. I have 10 acres that I currently have 2 rent houses on that has a place in the back in the woods with a nice spring fed pond where I was thinking of putting something. We are 10 miles from Greers Ferry lake and about 10 miles from the Little Red river, the lake is booming in the summer with boaters ( alot of them from Memphis area) and the Little Red has some fine trout fishing. My thought was stocking the pond well so people could take their kids fishing if they wanted a break from the lake or just wanted to get away period. If/when I decide to pull the trigger I'd like to pick your brain for what to do and not to do as far as renting platforms. Hopefully you get this issue resolved in your favor. I feel like there is less risk with short term renters than long term but this has me questioning that. I've used VRBO quite a bit in the past and always felt they were protecting the property owner, at least the ones we've stayed in had some pretty stringent rules that as a property owner I would want in place.
I would be happy to share any knowledge or experience that I can with you about short term rentals. Feel free to pm any time.
In our situation the short term rental seems like a better fit than having a full time renter/s in our front yard.
There's problems with both long term and short term.
We had an older house on another small farm across the road that we had rented out long term conventional rental. That has its issues too. A few years ago tenants caused it to burn down by carelessly throwing down cigarettes.
I think that with the size house you are thinking, that is a good size for that kind of short term venture in terms of number of people.
Ours is the house that my parents built. It is 4 br, 3 bath, and we have it where other rooms can have additional bedding too. It is a larger listing so we have to try to be selective with our bookings with larger numbers of people.
Most of our guests have been great.
The larger and/or longer bookings are always cause for concern.
We will never host work crews again.
We have had problems or concerns with every work crew we've had.
We've also had several issues with large family gatherings, in that oftentimes they sneak more people in.
We have what we thought to have been strict rules and policies, and up to that point had the belief that Airbnb would stand by us. They totally overruled and ignored our rules.
Going forward we are going to cut out large and/or longer bookings.
Another area that we cut out a while back was instant booking, you have to be careful around here of local folks wanting a hook up or party place. Those folks often don't read the house rules and think they are renting a place that is isolated with no one around.