By Sean Patrick O'Feery, March 6, 2020
A condo that can be a home away from home with the potential to rent as an AirBnB. Who does not want one of these?!? The problem is finding one. Sure you could do it with a single family home but that comes at a price, a price my Seattle residents/Portland hometown buyers did not have. The hunt was for a condo, or more specifically a HOA, that would be in the price range, be truly walkable, in a desirable location and allow for this specific type of rental. It is not hard to find an HOA that will allow for 30 day minimum rentals, but the true short term, the lucrative holy grail of 1 or 2 or 3 day AirBnB, that proved to be a challenge. But once it was found, we were on it. We zeroed in on a one bedroom unit facing Mississippi Ave on the third floor and locked it in at touch under the listing price- with 24 months of free parking. A tidy piece of negotiating, if I do say so myself.
Congratulations to Eden and Zach on your cash flowing home away from home here in your hometown. I could not be happier for you both!!
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