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Updated almost 3 years ago,
Looking to invest in an out of state Airbnb
I'm looking to research invest in an out of state Airbnb at a tourist location. I've never done an Airbnb before and was wondering if anyone knows of a great guide I can read to help me choose the property and find the necessary property management. It should be managed professionally just like our other rentals but I know there is more to it than a traditional rental and added costs plus different marketing.
I'm also looking to use it as a place we can use for like a couple of weeks a year for our personal vacations. (I'm not sure if that complicates things) There looks to be properties available in our price range but I'm pretty new and am not sure how to analyze a property for an Airbnb using the bp tools or how to determine the income possibilities for a rental. It seems I need a very good realtor who has experience with these rentals, but first I definitely want to fully understand everything I need to know.