Buying Airbnb Rentals still a good investment?
I am thinking about buying another airbnb rental. It has been slow since covid 19 with my first rental but its picking up with reopening. I have the spare change, I like that with airbnb, there is no hassle of screening tenants. But I am torn between investing more with airbnb or get a long term rental property.
Microsoft $msft Aug 11, 2020
Airbnb business is wayyy down and who knows when it will pick back up
Where do you buy these Airbnb rentals? What locations do you prefer and how pricey are they? Care to educate us?
It’s a bit of a process. But you have to scout the location by going on Airbnb , VRbo to see the listings. Then work you way back to see the properties on the market in the area. Then you have to see unit economics at 25, 50, 75 % occupancy through the year. You should have 6 months of no occupancy financial support in bank. There are other parts to having a cleaning crew etc.