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Updated almost 6 years ago on . Most recent reply
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Moving from LT tenants to Airbnbs
So I am at 10 units and currently looking to expand into something commercial . I have been investing in Rochester NY but I also have a condo in ATL that I Airbnb.
The condo is my primary home and I rent out a room with a futon haha for about 45 bucks a night. Depending on demand I can adjust the price of the room and I usually make about 750-950 a month off a room.
Based off my current model I am now thinking it will be smarter to apply the same strategy to entire condos in Atlanta and rent them for about $105 a night.
Benefits - million dollar liability insurance , short term (can check on property) , debit card and gov id on file, payment with 24 hours.
What do you guys think?
Most Popular Reply
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There are companies who manager everything for you on your behalf for AirBnb. Comes at a cost but you don't lift a finger. Works well if you want to truly scale up.