Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago, 03/26/2019
I'm earning 4-5x on Airbnb. Do you think Airbnb is here to stay?
So I switched my fix & flip on a rehab project and instead leveraged the property (after rehab) through a refinance and instead using it as an Airbnb rental, which is earning me 4-5x average market rental each month. That's only since 3 months of being on Airbnb and with 50-60% occupancy since it's slow season.
Obviously I love the Airbnb model and will be doing it on a duplex rehab so that I can double my monthly income. However, I'm trying to gauge how long will Airbnb hang around since cities are toughening up on local ordinances.
Thoughts and observations based on Airbnbs in your city?