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Updated over 3 years ago,
AirBnB: Managing myself vs Airbnb Arbitrage Model
Hello,
I'm a long time follower of this community and recently made the jump into purchasing a home in Houston with the intend of turning it into an AirBnb. At the time I made the decision to purchase this home that is currently finishing construction, I was still working in Houston. However, recently I've had to relocate to another city for a long term project. This makes it harder for me to get the property furnished, and set-up to become an AirBnb. After reading through many of the posts and talking to some people, I have three options:
1) Hire a Property Management company that specializes in AirBnbs.
2) Rent to someone who does AirBnB arbitrage.
3) Manage it myself.
I know there are pros and cons for all three of these options, but I would like to hear if any of you have gone through such a scenario and what path you chose.
Thank you.