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Updated about 3 years ago on . Most recent reply

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Justin Moench
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6
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Newcomer looking for any help making that first step

Justin Moench
Posted

Hi everyone! New to all of this and just in the first few months of learning. I am having doubts of where to get our first airbnb. Don't have a huge budget and like in NJ near NYC so everything is exponentially expensive. Have been thinking a small place in a ski place kind of area. In all likelihood that would mean NY state or PA elk mountain area. But I thought I would ask this community for a first time getting into this.

Most Popular Reply

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37
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23
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Dan Johnson
  • Rental Property Investor
  • Hot Springs, AR
23
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37
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Dan Johnson
  • Rental Property Investor
  • Hot Springs, AR
Replied

Go onto Air bnb or VRBO websites as if you are the guest and you are wanting to book a stay. Do this for each city. Look at the top 10-12 properties in each city. Get an idea of the price, the recent reviews, and look at the calendars to see how many future bookings they have.

Start listening to some Airbnb podcasts. A few good ones are Live, Let, Thrive; Get Paid for your Pad; and Thanks for Visiting.

Do you have financing in place? Talk to some lenders and get the ball rolling on your financing.

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