Air B&B or similar investing - Canadian Experience

[Ram Srinivasan]

Hi All,

This post is targeted at Canadians although open for all to comment.

Has anyone purchased a property and evaluated the investment as an exclusive Air B&B (or similar)?  Is this a viable, credible investment strategy that is profitable?

Is the management of such a property worth the potential reward?

What risks are associated with an Air B&B?

I am looking forward to hearing your experience with the strategy. I do feel that this is one type of strategy not commonly discussed so would love to hear your voice!

[Tyler Work]

Hey @Ram Srinivasan I bought my 1 bedroom and turned it into a full time Airbnb listing and it has been a great investment.  There are risks including financial (no guaranteed income) and liability (covered by the right insurance) but you can mitigate them by learning the ropes or getting a property manager.  It is a very viable and credible investment strategy, check some of the other Airbnb forums on BP and you'll see there is tons of info on how to run one and where to invest.