Airbnb cashflow3/12/2023 ![]() Someone has to check guests in, make sure the place is cleaned between visitors, and replenish kitchen and bathroom supplies. Even then, if you have a property management company helping you manage the property, then you may not ever have to lift a finger.ĪirBnB, as implied by the name, is more like running a “bed and breakfast.” In other words, you’re in the hospitality business, not just simply a passive investor. ![]() The only time you have to actually do something is if the tenant leaves or some problem comes up. You buy a property, maybe fix it up, and then rent it out indefinitely to a long-term tenant. One of the most attractive things about rental real estate is the idea of passive income. Here’s what I learned in the process: Full-Time Renting on AirBnB is Like Running a Business So, after doing my research, I decided to buy it, fix it up a little, and continue to rent it on the AirBnB platform. In this case, the answer was that they had moved overseas, and were finding managing the property difficult from a distance. With its prime location, travelers from all over the world would find it an appealing place to stop over.īut if the property was such a good rental, why were the owners selling? This is always an important question to ask oneself to keep from walking into a big mistake. Obviously, it made sense why it was previously rented on AirBnB. It takes only five minutes to get to the airport, and 10-15 to get into the heart of the city. In addition, it was walking distance from an Atlanta metro station, so public transportation was convenient and accessible. This duplex was in a historic neighborhood near the Atlanta airport, one of the busiest airports in the world. So when I stumbled upon a duplex for sale that had previously been rented on the AirBnB platform, I decided to look into it. There are thousands of houses, rooms, and condos listed, and even this award-winning treehouse you can stay in. In my hometown of Atlanta, AirBnB has become a very popular trend. My Experience Investing in AirBnB Property If you have a place that people sleep in, there’s a good chance you can rent it on AirBnB. In addition, all kinds of properties have been rented on AirBnB, from houses and condos to castles and barns. ![]() You can rent an entire furnished home for months at a time, or you can rent just one bedroom out for one specific night. One of the beauties of AirBnB is it’s flexibility. It started back in 2008 and became very popular in the aftermath of the Great Recession, as many homeowners were looking for extra income to supplement dwindling incomes. What is AirBnB?īut first, a quick primer on the AirBnB platform:įor anyone not familiar, AirBnB allows homeowners to list their property, or part of their property, to potential short-term guests and vacationers. So, is investing in AirBnB property a good idea? Here’s my experience recently buying and renovating a duplex in Atlanta for that exact purpose. As AirBnB has grown in popularity, some real estate investors have even begun looking at buying property for the express purpose of renting it out using AirBnB, or a similar home-sharing platform. It allows homeowners to rent out their homes, or part of their homes, as much or as little as they want. One new way to earn income from real estate is by using the website AirBnB. As the internet and the gig-economy become ubiquitous to modern life, new ways to rent out a livable space have opened up to enterprising investors. ![]() While rental real estate investing is nothing new, there are now more ways than ever to hold income-producing property. Even the founder of McDonald’s is famous for claiming that he’s not really in the hamburger business he’s in the real estate business. On top of that, many very wealthy people have become rich through real estate investing, including Robert Kiyosaki, Barbara Corcoran, and Donald Trump. The thought of ongoing passive income from a tangible asset like real estate can be very appealing, especially compared to the rollercoaster ride of the stock market. Many investors find the idea of buying rental real estate attractive.
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