Rental Properties via AirBnb

[Allison Patterson]

So my husband and I have enough to put 25% down on a lake house that is about an hour and a half away from where we currently live. We have four other rental properties right now (just for background). 

My question has two parts: 

A.) Would it make more sense to purchase property to AirBnb (approximately $325.00/night) and have the $1,500.00/month mortgage or to pay off our existing house to decrease interest paid over the course of the loan? 

B.) Has anyone done AirBnb before and, if so, how did you handle cleaning and maintenance? 

Thanks! 

[Luke Carl]

@Allison Patterson. You will have to answer the first question for yourself. I would never dream of paying off any home I own. Maybe if I were in my 70s. Kiyosaki GOOD Ramsey BAD. As far as managing your vacation rental that’s a phone conversation but the short answer is.... study your neighbors. Find a housekeeper, take good pics, put it on line, don’t over think. @Paul Sandhu ever feel reading the forum is like groundhogs day?