Supply -Is it easy to find long-term rentals or are they in short supply?.Take time to research the local rental market in your area. What's the Demand for Long-Term vs Airbnb Rentals? If your only focus is on maximizing profits, stop and consider how involved you plan to be with the rental. While many people are sold on it, it might not be the best way for you to earn rental income.Ĭonsider each of the following questions as you work to decide the type of rental property making sense for you. And even more to learn if you are a beginner real estate investor.Īirbnb has been around for almost a decade. If you’ve heard the hype that you’ll rake in cash from listing on Airbnb or a vacation-type rental site, remember there's a lot to consider.
Should I use the property as a long-term rental or try short-term rentals on a website like Airbnb? Whether you already own a rental property or are looking to get into real estate investing as a way to grow your wealth, you may be asking yourself this question. (This page may contain affiliate links and we may earn fees from qualifying purchases at no additional cost to you.
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