Using Aribnb to Rent in Vacation Areas

[David Graham]

I've been looking into this more and more and was wondering what other investors thought of using Airbnb and whether they felt it could work or not. Airbnb provides the freedom to book renters for any period of time and at a rate that you set. In theory, wouldn't you be able to make a significant amount above what a regular rental property should?

I understand that every area has different regulations that might prevent this and that Airbnb also takes a percentage, but you can still rent for $50-$200 a night or even more.

Any thoughts?

[Myka Artis]

David,

Yes depending on your market you can easily double or triple your rental rates monthly with airbnb. I've been doing Airbnb for the last 6 months where I live and I'll never go back to having a long term tenant unless it's a corporate rental. If you are near colleges, ball parks, or football stadiums then you are in business especially if you are in a city where Airbnb is supported by the city.