Airbnb Property Investments are a relatively new market for investors. There’s a lot of opportunities for big returns if you know what you are doing! Let wealthy real estate investor Rob Rowsell get you started in your short term rental property business!
The Booming Airbnb Property Investments Real Estate Market
Whether or not you have stayed at an AirBNB, VRBO, or other short term rental, you are likely familiar with the concept. The AirBNB company, for example, started out as two friends harnessing the power of the Internet to sublet their own property. Everyday people have flocked to the app, renting out rooms or entire homes to strangers for extra income. Eventually, real estate investors caught on to the trend, snatching up houses and apartments specifically to invest as short term rentals. How can a beginner participate while avoiding potential pitfalls of this online based industry?
Setting the table, Rob tauts AirBNB property investments as a great profit to effort ratio. Once your ad is set up on the app service, you can easily manage the property online. You will need a housekeeping service to clean it and inspect it after tenants leave, and a coded lock for the doors. Location is the big key to success with short term and mid term rentals. You want to invest in an area travelers will find safe and convenient. If you can keep the occupancy rate at 60%, you’re in good shape. Anything above that is a bonus!
Finally, Rob blesses us with one last piece of wisdom based on his own success with AirBNB investment properties. You want to choose short term rental investments based in places you would like to visit! After all, when the property is not occupied, it would be available to you free of charge for your own family getaways or business meetings.
Join Our Community
Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL Inner Circle Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!
