Would you share your experience of renting a property vs AirBnBing it?
How is your experience with AirBnBing your property ? Where is it located in Seattle and monthly income?
Considering buying a property and trying to figure out if doing AirBnB is worth it.
Any other tax benefits ?
I own several rentals. They are all cash flow positive to varying degrees with the older ones being cash cows and the newer ones not so much. I manage some and use a management firm for others.
Point is, your market, and entry point matter a lot. My rentals are in the Midwest. Generally the rent is $1-$1.20/sf
I bought an AirBnb experiment in Augusta, GA (just outside). Army base so lots of visiting army folks (price challenged) and Masters (cash cow). It’s 1k sf, rents for $120/night. $4k for the 2 weeks during Masters.
With service contract, and AirBnb split, it’s basically the same as rent. So, for AirBnB, location matters. With tourist cities doing much better.