Does getting a time share for air bnb make sense

Question

I'm wondering if it make sense to buy into a time share to start air bnb? I'm thinking that Vegas makes sense as far as demand and a time share saves me maintenance fees and me having to physically be there.

Christian Ehlers · Answer

I would agree that usually the time share route doesn't work for just investment purposes, they rarely make money. You have to bank on the idea that it will be fully booked for the weeks that you have to rent it out, and if someone books just a few days you may not get the other ones booked.

It's also a lot of effort to learn to do Airbnb well (pricing, communicating with guests, responding to issues etc) for just a few weeks a year. Much easier to get good at Airbnb by either buying a property or renting a property on a long term lease and then Airbnb it (with landlords consent of course). This way you get good at Airbnb and are truly invested in the idea, I run an Airbnb out of state so there's no reason you can't do that as well if you have a good cleaner and handyman you can find to help you out!

Bill B. · Answer

Timeshares are the thing someone else paid $10,000 for that you buy off eBay for $1 and they still charge more in maintenance than you can rent it for.

Chris Seveney · Answer

@Jaeson Europe

Typically the numbers don’t make sense. We have one in st Thomas that has 3 weeks a year and we will use 1-2 of the weeks and rent the others. We can rent 2 weeks and come very close to covering our cost so we could make money but the numbers are very tight. We didn’t buy it for rental wr bought it to use and rent it as a secondary means

Jaron Walling · Answer

What's a time share?... Thought those were dead.

John Underwood · Answer

How many weeks do you get?

Doesn't make sense or cents to me.

Gerald Pitts · Answer

Agree with all of the above on timeshares.  If capital is an issue, maybe research cohosting, and you can learn the business while saving up cash.

John Farkas · Answer

time shares are stupid 99% of the time. You will lose money and own nothing.

Collin Hays · Answer

A time share is nothing more than a piece of paper.  It's the equivalent of buying a star that is named after you.  You don't really own anything besides a piece of paper.

You are essentially pre-paying, at hugely inflated costs, a week or two's worth of hotel rooms each year.  After you figure that out, you then want to sell it, except there's no one to sell "it" to, because there's nothing to sell.  Unless you can find an even greater fool.

Curtis Mears · Answer

@Jaeson Europe

Look at the numbers to see if they work out. But also, how do you liquidate a timeshare? You will pay a premium from a timeshare company. Will you be able to sell without losing your shirt? I have never bought one, so I do not know. But, I hear many advertisements offering to get people out of their timeshares,  which suggests they are not a good investment.

Chris Szepessy · Answer

I don’t think it ever makes sense to get a time share as an investment…or personal use. Stay away.

Does getting a time share for air bnb make sense

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