Airbnb has become a popular way for real estate investors to make money. Here’s what you should know before you start considering this strategy.
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Airbnb has become a real hot topic in the world of real estate. It started back in 2007, with two unemployed designers in San Francisco and an apartment full of airbeds called an “Air bed and breakfast.” Since then, the company has exploded and is now used all around the world by homeowners and investors alike.
A lot of these people are starting to purchase homes and rent them out on Airbnb. To determine whether this method makes sense for you, there are three important things you need to do:
1. Verify that your zoning laws allow for short-term rentals.
2. Hire a reputable property management company.
3. Make sure you have a good exit strategy, or two, in case you need to sell the home quickly.
We’ve got a lot more info to share with you and we’re actually putting on a seminar in June to do it. To learn more about that, give us a call or send us an email. We are also always here to answer any real estate questions you may have. We look forward to hearing from you.