Do you think of an Airbnb as a good investment? You should.
Maybe when you think of an Airbnb your mind still goes to the classic model: a family with a guest house rents out to tourists for a little extra cash.
But short-term rental sites have evolved past that. Airbnb and VRBO properties can look a lot of ways, serve a lot of purposes, and generate a lot of income.
Airbnbs aren’t only for vacation rentals. The reasons people use short-term rentals are as diverse as the renters themselves.
Sometimes Airbnbs are used as an alternative to hotels for traveling professionals. Or insurance companies will use VRBOs as temporary housing for people displaced by a house fire. Or companies will host remote workers for onsite projects in an Airbnb.
Some renters will stay for one night, some for three months. Some come to experience the location, some to have a personal retreat, and some because they’re preferred to hotels for longer-term stays.
There’s a wide variety of ways and reasons to invest in an Airbnb, VRBO, or other short-term rental. They’re a worthwhile investment – as long as you know the best ways to finance them.
Airbnb Investment Income
Short-term rentals are also a great investment from a cash flow perspective.
Something like an Airbnb can quadruple (or more) the income you would make from a traditional monthly rental agreement.
If a traditional renter generates $2000 per month, short-term rates could make up to $4000 to $6000 per month on the same exact property.
So… How do you get the money to start?
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