Airbnb vs Renting pros and cons?

[Nate S.]

   I've posted in the rehabbing threads about fixing up my house for a rental, but I've been thinking on doing Airbnb for the property as well. Treat it like a hotel but a house, I've read articles people making more money doing Airbnb.

  I'm going to be living in the property until I get my degree. I did Airbnb one time in Prague, rented a room for $30 which was good enough for me. I'm talking about a whole house 3 bedroom, 1 bath, 1 garage, deck and even a basement but the property is in Nebraska. There is not much tourism but mainly passing through. I just want to know the pros and cons on Airbnb, or anyone has had any good experience or bad with Airbnb?

[Robin Petrasek]

Hello Nate,

just a little bit of feedback on your post, I can refer to AirBnB in Prague where Im from. 

Our AirBnB Pros: higher yields than usual renting, flexibility with the flat in terms of own time - you can use it for your own family/friends,you get to meet interesting people who might be interested in the whole concept of AirBnB rentals - just like you, different rooms setup requirement (could be also con)

Cons: higher requirement on property management, taxes, cleaning services. I would say yield highly depends on location. Tenants might treat the property quite badly. Complains from neighbours if the party is too loud.

I would say that is the basics I can think of.

Best regards,
Robin