How to Invest in an Airbnb From Out of State
There are plenty of reasons to think about investing in a short-term rental property out of state.
You may have been considering buying rental properties and then started seeing the comparison of long-term vs. short-term rentals.
When thinking about short-term rentals and Airbnb, people usually jump to thinking about great vacation destinations.
Local Vs. Out of State
It will come down to making a list of markets you would like to own property in and running the numbers to determine if the market is a good financial fit as well.
How to Select a Market
It is crucial to accurately estimate what your expenses will be to make a sound investment decision.
There is a rule of thumb that a good Airbnb should make 3x the long-term rental rate. You can find an estimate for the monthly rent on Zillow or Rentometer.
– Responding to inquirie – Cleaning – Maintainance
Main Tasks For Managing an Airbnb Listing
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