Is AirBNB really dead?
Hi all,
I'm a 19 year old and have been wanting to get into real estate, specifically renting a property and putting it on airbnb to get cash flow, however I been seeing around that airbnb isn't what it used to be. People complain that there are too much for cleaning fees and that hosts make the guests do a lot of work that really seems unnecessary. I also see people say that they rather get hotel rooms now instead of airbnb because it's a cheaper option. So, I just want to see if anyone that is in airbnb can justify that and maybe give me some tips for someone that is starting out or wants to start out.
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#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
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#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
Good golly @Daniel Muscarella, TikTok is not a reliable source of information on anything. Read the posts here and get a good snapshot of the market.
As per usual, I will say arbitrage is not the best idea. It is not really investing, just doing a job.
Hi Monica, Thanks for your feedback. I'm currently evaluating BNB Leverage for my own investment. $90k sounds like a good number for one year. How does BNB Leverage help you for sudden things you have to physically attend? (reset the wifi, broken bathroom/sinks etc) How long did it take you to start profiting?
This. I focused on getting a degree, learning job skills, getting and building a career, saving my money, and bam when the housing market crashed in 2008, I bought a paid in cash house here with my savings even though I had to pay all my own bills since I was 18 (rent, car, etc.). So stack money, wait for an opportunity...timing helps.
This has to be a joke...they've actually been saying Airbnb was dead for years now! So apparently this isn't a new topic which struck me as rather funny.