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Updated almost 7 years ago on . Most recent reply
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Airbnb vs Rental
I use Airbnb a lot when I travel. I can find better accommodation for the price compare to hotels plus I get better amenities (full kitchen, etc)
I'm wondering what some of the positives and negatives of each are compared to each other. First thing that comes to my mind is having a long term tenant is less work from a property management standpoint. But on the Airbnb side, you could make more even with a 50% a month rental rate if you price your daily rate correctly.
Any thoughts?
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A huge negative a friend of mine who has several AirBnB rentals has run into is that lenders will not look at the income generated as rental income. No lease = no income in their minds. So they view each mortgage counting against his personal debt to income ratio, thus now he is having hard time getting his next mortgage.
- Russell Brazil
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