Quote:
Originally Posted by CrazyCaper
We were looking at properties to utilize as short-term rentals(AirBnB). Tourist destinations like Austin, Phoenix, Myrtle Beach etc. Also like the idea of being able to use these properties when we travel. We understand the costs of hiring a property management company to handle the business on our behalf but figured it would be a good passive investment opportunity for us.
|
Have you ever run an AirBNB before? It's more like running a hotel than a regular rental property. When you're doing the numbers you should assume something like 50% occupancy, and 0% during any time people wouldn't want to be there.