Airbnb Host and Investors Forum North America - USA Regions Midwest A Short Term Rental (STR) Forum Community

[RatherBTraveling]

I've got a house in the Corktown area of Detroit (up and coming neighborhood) and after a few bad experiences with regular renters I'm considering doing Airbnb. I'm a pretty short walk to a lot of bars and restaurants, a casino, and about a mile from downtown where the major stadiums are. The house was recently renovated. I've heard the market in general is flooded and over-saturated, but my goal is actually to just get between 10 - 25% occupancy throughout the year. AirDNA has occupancy rate data for vacation rentals in the area around 15-30%. Any other locals with thoughts?

[LMN109]

As someone who’s not from Detroit, but just visited recently, Detroit is a very cool city with a lot to offer! The Detroit institute of arts is incredible and easily worth spending an entire day in. The neighborhoods are unique and have a lot to offer. The lions are no longer chumps. Plus, you've got a casino in your downtown area.. how many other major cities have that? If it’s not a big tourism market now, it will be soon.

[staying4free]

what do you have to lose?

[RatherBTraveling]

what do you have to lose?

I should have mentioned this is also my primary residence so I'd be having strangers come into my own. But, I mean I had normal renters in the past and it didn't always work out so well either..at least this way I can possibly have more nights with the house to myself.

[tcook052]

just remember, the clientele you get from people that are looking for "just a room" for a short period may be drastically different than when you are renting out an entire house. As long as you are careful in screening guests (TURN OFF INSTANT BOOK AND LAST MINUTE BOOKINGS) and ask guests what they are looking for in your property and look at their prior reviews you should be ok.

[RatherBTraveling]

just remember, the clientele you get from people that are looking for "just a room" for a short period may be drastically different than when you are renting out an entire house. As long as you are careful in screening guests (TURN OFF INSTANT BOOK AND LAST MINUTE BOOKINGS) and ask guests what they are looking for in your property and look at their prior reviews you should be ok.

Sound advice, thanks.

[Congarde]

I live near Corktown and think it’s got a lot of potential, especially with the recent growth and its proximity to downtown, the bars, and stadiums. I’ve considered Airbnb myself in the area, and while there’s definitely a lot of competition, the foot traffic around here helps. If your place is nicely renovated and you can market it well, I think you could hit your target occupancy. Just keep an eye on pricing and adjust to the demand, especially in different seasons. It might take some time to find the right balance, but it’s definitely a good spot for it.

[RatherBTraveling]

I live near Corktown and think it’s got a lot of potential, especially with the recent growth and its proximity to downtown, the bars, and stadiums. I’ve considered Airbnb myself in the area, and while there’s definitely a lot of competition, the foot traffic around here helps. If your place is nicely renovated and you can market it well, I think you could hit your target occupancy. Just keep an eye on pricing and adjust to the demand, especially in different seasons. It might take some time to find the right balance, but it’s definitely a good spot for it.

Corktown is great, especially when baseball season is back in session! It's usually our busiest time as the weather is nice and baseball has so many games going on.

[AllMyAttention]

I frequent Detroit often as i'm in the auto parts industry for my regular job and I love staying in Corktown.