Airbnb becoming more popular with real estate investors.
Due to the per daily charge many investor’s can charge, they are getting a better return on real estate by using it as an Airbnb. When your $100 per day fee, plus cleaning fee, plus occupancy charge = more than the $1,200 monthly rent you can charge, it becomes a win for the real estate investor. So renting out your apartment for only 12 days a month is your break-even (by not renting monthly) and if you get days per month booked, you are ahead!
Airbnb becoming more popular with real estate investors.
We just got back from our daughter’s in Chicago and used www.airbnb.com near her house. It was a 4 unit building and appeared the other 3 units were long-term renters, due to the plants, decorating and parking assignment that was in place.
Airbnb becoming more popular with real estate investors.
In our insurance agency www.larseninsurance.com we have several options for the airbnb real estate investor. Five of our companies like this line of insurance and price their insurance policies accordingly. However, a bit of caution here – do NOT furnish your units with expensive furniture or extra accessories. These furnishings will be insured for Actual Cash Value and not replacement cost. So your airbnb unit should be furnished with common, ordinary items and not designer one’s.
Good luck if you are testing the waters using an airbnb as your investment strategy on your rental real estate.