How to Invest in an Airbnb From Out of State
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There are plenty of reasons to think about investing in a short-term rental property out of state.
When thinking about short-term rentals and Airbnb, people usually jump to thinking about great vacation destinations.
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While this is true, there is a huge demand for vacation destinations and excellent properties in those locations.
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Do not discount the fact that people are traveling to places within 50 miles of you.
Anywhere there are hotels proves there is a demand for short-term stays.
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How to Select a Market
From a purely financial perspective, you will want to choose a market with strong rental demand, low demand for property, and good prospects for growth.
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so it will be a balancing act to figure out which factors have the most weight for you personally.
Unfortunately, these factors are usually at odds with each other,
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Here are some of the main expense categories:
Airbnb Expenses
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Mortgage
Property Taxes
Utilities
Insurance
Cleaning
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