Is buying a property just for Airbnb a smart investment?

F

foofamapocalypse

New Member
Airbnb.
Does anyone have a investment property—and use it solely for Airbnb?

We're looking at that option… so it can be used by us occasionally throughout the year.

Not sure if its a wise investment decision?
 
Yes, I wouldn't go back to long term renting.
YouTube and ChatGPT can help you start.
If there is enough profit, hiring a manager is a good option when you want to be less involved.

If you buy a property in a good location, first do some market research.
Use AirDnA for free.
For more detailed reports, sign up to PriceLabs.
 
I wouldn’t ever go back to long term renting. YouTube and ChatGPT can help you a lot, but if there’s enough money in it, hiring a manager is a better option if you want a hands off approach.

If you buy a property in a good location, do some market research try AirDNA for a free option, or sign up for PriceLabs if you want more detailed reports.
 
I know a few folks who rent out small Airbnbs, bungalows, tiny home trailers, yurt kind of deals. They bring in 30 50k a year. It really depends on the location and type of accommodation. I think you’ve gotta nail the visual and really sell something to the consumer with them.

You also gotta keep management and cleaning in check or it can get out of hand. Rentals are more secure and way less hassle if,you have good tenants, but the Airbnbs, from what I’ve seen, can bring in a little more cash but take more effort. Like someone else pointed out, if you can’t clean it yourself, a big chunk of your profits goes straight to paying someone to come out and clean.
 
So my parents bought a holiday house, mainly renting it on Stayz ($1500 a night) with the same idea . They had a 4.8 rating with 100+ reviews, but gave up after 12 months – way more work than it was worth . They still own it, but it just sits empty when they or the fam aren’t using it. They also got 2 apartments in Noosa in the same complex, one is strictly for rental and they make a bag off it – it’s managed internally by the complex so super easy.
 
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