⚠️Fix & Flip turned AirBnB, Come inside
Good Money Morning BP,
Come inside this house I bought to fix and flip but as I was approaching the end of the renovation, it was such a nice house I thought maybe it would be a good idea to keep it and turn it into an airbnb, travel nurse short term rental. As I was doing the reno, something hit me and the idea of keeping it as a long term hold started to swirl around in my head.
When I started doing the research to see how many other short term rentals were in the area, I was shocked. There actually were NONE! You know how business works, where there's no supply, demand goes through the roof(at least that's what we're taught)
So I looked to see what the daily rental rate was in the closest house I could find and once again a shocker, the lowest airbnb rental rate was $170 per night. Some units were going for as much as $230 per night. Let's go inside to see the before and after of the construction & see the staging we use in our AirBnB business. Let's go over the numbers together to see what the fix and flip profit is vs the short term rental profit is, the numbers don't lie...
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