AirBnB and creating potential opportunities
Hi everyone!
I am new to BP and somewhat new to REI. My wife and I frequent AirBnB when we travel and have considered the potential passive income through this service.
Near our home is a relatively popular recreational area. Through initial research, there are very few AirBnB options for anyone out of town looking for a non-hotel experience.
My question: Does anyone have experience, or recommend either way, in purchasing land to build a potential AirBnB to rent out on a daily/weekend/weekly basis? I have run the numbers on a beautiful piece of land and cost of building lodging. Initial signs suggest the numbers can work. My worry is, unlike having a regular tenant, the monthly income is more seasonal and less predictable. Is is worth it? Thoughts, experience, advice?
Thank you!!!