Anyone own AirBnBs in Europe??

[Megan Greathouse]

Has anyone bought places to hold as AirBnB in Europe? I'm looking to go in on a vacation home in Italy with my sister. We don't even need it to make that much money... if it covers the ongoing costs of us having a vacation home in Italy, we're happy.

That being said, I know there's SO much to learn about investing abroad. Taxes, local laws, getting to know the risks inherent to the local economy, agebuilding a team despite language barriers (our Italian is a work in progress), age of the structures there, management from afar, and SO much more. The town we're looking at is trying to attract more tourism and is therefore very friendly to AirBnBs, so that should help.

I would REALLY appreciate connecting with others who have invested abroad. Thanks in advance!

[Michael Baum]

Hey @Megan Greathouse! I am jealous! I think that could be a very fun adventure. I have looked at some places in Italy and it is really difficult to figure out where to go for us. If you have a town in mind then you are one step ahead.

I met a person at a local REI meetup who has a one bedroom in Paris. Close to everything and it is very successful. She has had it for 12 years and it is pretty much on auto pilot. It is booked 90% of the time year round, but that is Paris. It is the number one vacation destination in the world.

Can you tell us more about the town in Italy? What are the draws for tourists? The one thing I can think of is they want to drum up tourism. Does that mean it is not currently a vacation stop? Are they trying new ways to increase tourism?

Here is an article from 2018 that might shed some light -

https://www.propertyguides.com/italy/news/10-best-...

Here is an article about buying Italian real estate as a non resident -

https://transferwise.com/gb/blog/buy-property-in-italy