It seems like everyone looking for a 2nd home in Santa Fe, NM wants to purchase a property to run an Airbnb. Why? Santa Fe appears to be on everyone’s bucklist and an ideal tourist destination. Since more and more travelers favor Airbnb accomodations, it is no wonder more people want to own one here. However, most buyers are not aware of Santa Fe’s short-term rental ordinance and other important considerations. Here are some things to consider to see if a Santa Fe Airbnb is a business for you.
- Although vacation and short-term rentals are allowed in Santa Fe, the homeowners association may have rules that prohibit them. This is often the case in a condominium complex.
- Unlike long-term investment property, short-term rentals require additional work and costs to transform your property into an experience of a hotel room.
- Are you ready to operate a business and price your Airbnb competitively? Have you done your homework to see if your dream will be profitable?
If you decide a Santa Fe NM Airbnb is for you, then let’s schedule a time to connect to learn more about our real estate market and what properties are suitable for your Airbnb business.