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Updated over 3 years ago,
OOS Investor Airbnb Question
I have a colleague at work who does not have to do much for money. She works simply to get out of the house and interact with people but she has two airbnbs and makes decent cash flow.
I asked her how she got started and she said she stayed in an Airbnb a that was terrible, had trash, no communication etc.
long story short, the owner contacted her (I dont think the owner was running this Airbnb) and she basically said "this should be like this, this should be here, why dont u have...etc." She ended up cleaning this guy’s airbnbs and prepping them to be ready to rent and accidentally started a business, simply from how bad her experience was.
She has a few OOS owners now that rely on her to manage their properties and they allow her to operate an airbnb business out of their houses.
She has a bunch of OOS contacts now and takes care of multiple properties with new contacts coming in. It's a thriving business because she hated the airbnb she was in. She also rents her car on TURO and makes huge sums from that, but thats another story.
My question is, would you, as an OOS Investor, allow a person to run an Airbnb out of your property if that person took care of everything else?
Would you want a cut of the airbnb profits or would you be content with your normal cashflow?