If you have a home and an Internet connection, you may very well be sitting on a goldmine.
You could be making hundreds of dollars a night. Even just renting out a spare room could bring in well over $1000 a month!
Process-wise, buying property for Airbnb is pretty simple. You find a home, you make an offer, and you close on the property. The hard part? That's in finding the right property, to begin with.
Before you can even begin your search, you need to determine what type of property you're going for. Is it a house, condo, or apartment? What size is it? A six-bedroom estate would probably command a high rate, but will it get rented often? It will also mean more upkeep.
To determine the best type of property for your investment, put yourself in the shoes of an out-of-town visitor. What are they likely coming in for? Are they single, couples, or families with kids? Get into their mindset, and let that guide your property search.
Location is the next step in your Airbnb property search! Is it within driving distance of major cities? Is it a place people like to visit or have a reason to visit often? Does the area have plenty of events, amenities, and culture?
As an Airbnb Superhost, I would love to answer questions and be your GO-TO person to help you find a killer Airbnb , we also are taking it one step further and helping our clients with the design/setup as well! I’ve learned a lot along the way of what to do and what not to do.