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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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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