Should I Airbnb or rent?

[Agbolade Adesoye]

Would it make more sense to Airbnb a condo in a booming neighborhood in Chicago or rent it out?

[Jean H.]

Airbnb has more upfront costs, like furnishings. You will also have more ongoing costs because of maintenance, marketing, and management, but the 1.5-2x revenue will more than make up for the added costs. Time wise, if you hire a professional manager who takes care of scheduling, communication, and coordinating maintenance, I don’t think you’ll spend more time on a short-rental situation than on the long term rental after the initial set-up period.