However, rental properties have skyrocketed due to the success of Airbnb Inc. Flipping homes is still a major strategy in the industry. And a lot of this change is due to Airbnb’s innovative platform. Let’s take a closer look at the pros and cons of Airbnb properties, as well as the company’s success and outlook. There are laws and regulations to consider, depending on the state or city. In fact, it’s not as easy as buying a rental property and creating an Airbnb account. Take a look at our list of handpicked properties that would make great Airbnb rentals and be sure to read our top tips for being a good Airbnb host under the properties below.Not many people know how to invest in Airbnb. The nightly rates vary so it’s a good idea to focus only on what you can afford and which properties are probable to give you a return on your investment when the yearly numbers are crunched.
There are all kinds of properties on Airbnb ranging from 1 bedroom condos downtown, to single family homes with multiple bedrooms. Keep in mind the time of year is another important aspect to consider as you may make the bulk of your profit in certain months depending on your location. Properties near tourist attractions, business centers, shopping, dining and public transportation will give you the most bang for your buck. Location is definitely one of the most important qualities to look for in a lucrative rental. You’re probably wondering what makes a great Airbnb rental and where can I find one?
They also have no plans on slowing down considering its cash flow is expected to reach over $3.5 billion by 2020. In fact, over 140 million guests have stayed at Airbnb properties since the site’s founding in 2008. But… the times are changing! With the use of technology and an Uber-esque business model, Airbnb has joined the hospitality big leagues and puts the rental power in YOUR hands. Not too long ago, many vacationers would have found it questionable to rest their head after a long day anywhere but a traditional hotel.
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