Chicago, IL · Member since 2021 · 16 posts · 15 votes
Does anyone run an Airbnb? Would you recommend this option of 'passive' income over traditional RE investing? (traditional referring to wholesaling, flipping, BRRRR, etc)
Real Estate Broker · Hyde Park Tampa, FL · Member since 2019 · 2k+ posts · 3k+ votes
5y
Anyone running a business - which all landlords and investors do - there is nothing passive about it. Wholesaling isn't investing and is illegal in many states. So, let me offer this: vacation rentals in the right market are significantly more profitable than traditional renting. It also comes with a different set of requirements; it's more like operating a hotel than a rental property. Get a bad review and the business takes a huge hit. In my market, flipping is not longer an opportunity; that ship sailed long ago.
I recommend that you drop the method and the lingo - and simply look at what opportunity exists in your preferred market. Be honest with yourself about your skill/expertise level...more people fail in this business than succeed. Know the business. Look for the opportunity. Then you'll be ready to acquire and become a business owner. Again, nothing passive...that's the stuff of fairy tales.
Property Manager · Kissimmee, FL · Member since 2019 · 445 posts · 266 votes
5y
@Bac Nguyen, we are vacation rental managers with 100+ properties in the Disney/Kissimmee market. Demand for our properties has been at historic highs since Covid due to pent up demand - a busy time! I am more than happy to chat about the pros and cons of various home types and communities if you're interested in our market.