Hi everyone! I wanted to get people's opinions on a business concept that I have. I was interested in buying a property in an area such as Miami or Las Vegas (due to the low cost of homes & its desirability as a tourist destination), renovating it and renting it on Airbnb. If things go well I'd even like to turn it into a business where I do this for other people, while getting a cut of their return.
When you get started I be happy to set you up with a daily listing of condo's without rental restrictions in the Greater Fort Lauderdale area!
The questions that come to mind are
How would you scale this? What is the reason someone would go through you? Would you be managing the properties your self? Dose this require a license of some sort per state? If your not managing yourself is your service the posting and veting of management companies? As a client of yours do you only get paid (by me)when the properties have a tenet? Is there a cost if your posting and not filling the units?
I am sorry if dose not help but there is not enough info in the post to judge if this would be a viable business. At least I could not do it. But hey maybe someone else can.
I don't know about the part where you manage others properties, but the idea of an all AirBnB property is somewhat interesting. You would basically be in the vacation rental business, just renting a room at a time rather than a whole property. Vacation/short term rentals have a lot of turn over, so you would have to be prepared to bear the cost of having the place cleaned etc. frequently.
If you pursue this, post back here how it works. Good luck.
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