@Daniel Kevin Lara as a house hacker myself, I tend to point people towards getting a nice property that needs little work so you can quickly rent out the rooms or Airbnb and cash flow. Getting a rundown property can be overwhelming starting off, especially if you don’t have great contractors already lined up. You could also get a property that needs some cosmetic upgrades in which you can complete in a month or less. I’d consider the amount of time it could take to renovate and the cash flow lost during that time. Getting a “turn key” property is less time/energy needed and you can focus the energy on renting out the rooms/setting up your Airbnb. Just my thoughts, wish you the best!
@Daniel Kevin Lara as a house hacker myself, I tend to point people towards getting a nice property that needs little work so you can quickly rent out the rooms or Airbnb and cash flow. Getting a rundown property can be overwhelming starting off, especially if you don’t have great contractors already lined up. You could also get a property that needs some cosmetic upgrades in which you can complete in a month or less. I’d consider the amount of time it could take to renovate and the cash flow lost during that time. Getting a “turn key” property is less time/energy needed and you can focus the energy on renting out the rooms/setting up your Airbnb. Just my thoughts, wish you the best!
That makes alot of sense and thats what ifigured myself but idefiniteley didnt look into the time it would take for rehabing it and missing out on the cash flow. Now im assuming you have some airbnbs yourself? If so, around how much (an estimate) is a typical startup cost to complete a full downstairs of a home for airbnb while istay upstairs to myself?
@Daniel Kevin Lara I do have an Airbnb and had previous Airbnb’s that I converted to long term rentals due to regulations. For a rough estimate of furnishings/supplies for a bottom unit, I’d say around 3k-5k depending on if you use FB marketplace or American furniture. That would include all kitchen supplies and linens, cleaning supplies. Beds and couches are the most expensive, and I’d get a new sleeper couch to allow for more guests. I added a kitchen to my bottom unit for about 4.5k using cheaper labor and marketplace.
@Daniel Kevin Lara I do have an Airbnb and had previous Airbnb’s that I converted to long term rentals due to regulations. For a rough estimate of furnishings/supplies for a bottom unit, I’d say around 3k-5k depending on if you use FB marketplace or American furniture. That would include all kitchen supplies and linens, cleaning supplies. Beds and couches are the most expensive, and I’d get a new sleeper couch to allow for more guests. I added a kitchen to my bottom unit for about 4.5k using cheaper labor and marketplace.
Oh man thanks for the numbers, now ihave an idea as to how much it is. Now for the kitchen, does that include like appliances and the buold of an upstairs kitchen except maybe smaller? Like small stove, fridge, sink, and small cabinets etc?
@Daniel Kevin Lara I do have an Airbnb and had previous Airbnb’s that I converted to long term rentals due to regulations. For a rough estimate of furnishings/supplies for a bottom unit, I’d say around 3k-5k depending on if you use FB marketplace or American furniture. That would include all kitchen supplies and linens, cleaning supplies. Beds and couches are the most expensive, and I’d get a new sleeper couch to allow for more guests. I added a kitchen to my bottom unit for about 4.5k using cheaper labor and marketplace.
Hey bro, So igot banned from airbnb like 3 years ago, not exactly sure why and i remember it was my very 1st booking as well, and haven't had any luck finding a way to get a hold of them to fix it.
anyway! Fast forward to today! I am now getting my first home and iwant to airbnb the bottom half of the home and fix it up nice to attract high quality travelers. So that being said, can ipartner up with someone who can sign up on airbnb as a host to rent my bottom portion of the home?
Like iwill do all the handling from cleaning, answering to guests, bookings etc and I'll just pay my partner a percentage for letting me leverage her hosting power To run my airbnb business?
please help, would really appreciate all the advice and tips that ican get from you!