I discuss short-term rentals a lot on this blog. Today But, of talking about my goals for 2017 instead, I’m going to hint you in on how you can get yourself started your own short term rental empire. Today’s blog post is all about finding the best city for an Airbnb investment. You can be an Airbnb host even if you only own one property. As long as you involve some extra room, you can begin.
That’s ideal for a small stream of income, but even more opportunity out there there’s. Have you ever wondered how much an Airbnb host can make off of renting a nice one-bedroom apartment in a favorite city? Think about a two-bedroom? In cities with a higher occupancy rate – think places like NY, where there are always vacationers to arrive town – you will make thousands of dollars a month off of one property.
An Airbnb investment is simply too good a deal to pass up. Why Invest In Short Term Rentals? Short term renting, or STRs, are the best way to produce a decent profit in real estate FAST. And I’ve put my money where my mouth area is on that claim. If you’ve been following this blog, you know that my goal for 2017 is to run 50 STRs by the end of the entire year.
I get closer to that goal every day and earn a pretty penny while doing so! Grows your network – you never know who you’ll meet! And, of course, a fantastic return on investment. Simply put, short-term accommodations are where it’s at in real property if you would like to increase your revenue.
- 05-06-2019, 10:37 AM #44
- 282 x 103
- 6 Components of a Feasibility Study
- Buyers are willing to pay more
- 16-20 22.33% 27.05% 25.96% 1.09%
- Raise average per capita income to NRs.100,000 per annum (US$1000) within the next five years
- 50% in Long volatility eg SPVG
- Unit Trust vs Gold Investment Account
And as far as STRs go, an Airbnb investment is by far the best way to get potential tenants. The name recognition and network are both already there. Plus, Airbnb is mainly utilized by tourists…who are traveling with the intention of extra cash? So now that we’ve established why you need to consider making an Airbnb investment, where in the event you buy property? I’ve curated a list of the best towns for STR business owners, just for you.
Of course, you can always start your short-term rental journey to the home if you would like close. Bonus if your home base is within or near one of the populous cities in the list below! However, if you really want to increase the profit of your brand-new Airbnb investment, turn your eye to these four cities.