Airbnb lets you list your properties on the Airbnb for free and allows you to promote your property through photos with captions, descriptions, titles as well as a user profile where guests can get to know you. The best thing about investing in an Airbnb Investment property is that you can decide how much you would charge per night allowing you to control your monthly rental income.
Related: Four Things to Consider Before Purchasing an Airbnb Investment Property
You can also enjoy the flexibility of how often and how long your property is on the market. Receiving payment on time is never a problem and lower rental fee is another benefit to enjoy. Airbnb charges property owners three percent with payment made twenty-four hours after your guest arrives. You can read more about fees and limitations under the Airbnb Help Center section on their site.
Related: Rental Income From Airbnb
Although there may be a few additional property management expenses like hiring staff for retrieving and handing over keys and cleaning your property, it doesn’t pose a big deal especially for investors who want to jump into the passive income bandwagon. Airbnb also provides a Host Guarantee to help owners in case of property damage done by the guest. Property owners receive up to $900,000 in damages to properties covered by the guarantee. Although there are some risks associated with this venture, you can take steps to mitigate potential problems and maximize your return on investment.
Would you consider investing in an Airbnb rental property? Why or why not? Leave a comment, and let’s chat!
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