Updated over 6 years ago on . Most recent reply
Moving from LT tenants to Airbnbs
So I am at 10 units and currently looking to expand into something commercial . I have been investing in Rochester NY but I also have a condo in ATL that I Airbnb.
The condo is my primary home and I rent out a room with a futon haha for about 45 bucks a night. Depending on demand I can adjust the price of the room and I usually make about 750-950 a month off a room.
Based off my current model I am now thinking it will be smarter to apply the same strategy to entire condos in Atlanta and rent them for about $105 a night.
Benefits - million dollar liability insurance , short term (can check on property) , debit card and gov id on file, payment with 24 hours.
What do you guys think?
Most Popular Reply
There are companies who manager everything for you on your behalf for AirBnb. Comes at a cost but you don't lift a finger. Works well if you want to truly scale up.