Airbnb & Vacation Rentals Make A Poor Passive Income Model

Airbnb & Vacation Rentals Make A Poor Passive Income Model

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Let's face it! There is no get rich fast scheme within the Airbnb world. [caption id="attachment_1167" align="alignright" width="334"] Vacation Rental Property[/caption] Just the time it takes to find, buy and close on a real estate property takes enough time. But when we factor in the time it takes to set, up, run and manage a vacation & short-term rental, we must question whether or not it can truly ever become a passive income model. In my opinion, the answer is not really. Its probably why some of the big wig management companies are getting out of the biz and closing their doors to the properties whose numbers just don't make sense financially when all is said and done. When all is said and done, means that all expenses are taken…
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6 Secrets to Airbnb Mastery for Your Real Estate Property

6 Secrets to Airbnb Mastery for Your Real Estate Property

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GET INTO THE MINDSET: You'll need to start thinking and acting like a successful and profitable Rentalpreneur. As in any success story...success takes time to build and nurture... and when we are talking about building a real estate empire or saving one for that matter, the one thing we do know for sure, is that real estate takes time. So, for most of us, we will need to project out a little bit more time to achieve our goals. That doesn't mean we cannot see the fruits of our labor coming back at us quickly. It just means to say that we can be realistic about the pace of reality. Movies give us a distorted sped up version of reality. In real life, things take a slower pace until we gain momentum. CONNECT…
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5 Mistakes That Landlords Make Converting Rentals to Airbnb

5 Mistakes That Landlords Make Converting Rentals to Airbnb

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[caption id="attachment_1341" align="alignright" width="281"] Indianapolis Real Estate Broker, Rachel Prince[/caption] More often then none, I get the call that a client wants to convert their property into an Airbnb home. I first have to ask them what their motives are. After all, Airbnb is not a passive income industry and relies heavily on quality & responsive customer service and hospitality. Many of these are landlords are renting out the rooms by the week or month. They usually own a slew of properties and some of the homes have even gone into disarray. The conversion process from landlord to short-term rental host can be quite tricky and not what one is accustomed to. So, if you are a seasoned investor looking to convert a few of your rental properties or deciding…
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Making Money with Airbnb Investment Homes

Making Money with Airbnb Investment Homes

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  [caption id="attachment_1343" align="alignright" width="300"] Indianapolis Real Estate Broker, Rachel Prince[/caption] Airbnb is a killer investment strategy for some of you out there. It can really beef up some of those under-performing real estate assets. Whether you are a seasoned investor looking to convert a few centrally located rental properties, or you own a 2nd home that may never see returns, Airbnb is a great solution for many. The earning power of an Airbnb home is incredible and can likely offset the entire amount of your mortgage, not just for a month or two, but for an entire year and then some! Here are the 3 most common ways my clients see bigger ROI's on their investment properties: 1. ROOM RENTALS: Many landlords that I come across are sick and…
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