What is airbnb ?
Airbnb is a new property trend and an online marketplace that connects people who want to rent out their homes with people who are looking for accommodations in the most wanted local places. . It currently covers more than 81,000 cities and 191 countries worldwide. The company’s name comes from “air mattress B&B.”
The main advantage of Airbnb property is it is currently one of the most followed real estate investment strategies to make money in real estate. As a real estate investor opportunity, you will use the essential knowledge about investing in real estate and plan to look for the hottest Airbnb markets in particular in order to gain success in this great investment.
Owning an Airbnb property means that you will be a real estate investor, but also be an Airbnb host. Therefore, you will be more connected to the place you are renting to tenants in order to keep customers happy and in the same time will be increase in major investment to your bank balance.
As a Airbnb host you can list as many different kinds of properties such as single rooms, a suite of rooms, apartments, moored yachts, houseboats, entire houses, even a castle which you can explore and gain more information Airbnb .
Being a Host means you do not have to pay to list their properties. Listings can include written descriptions, photographs with captions, and a user profile where potential guests can get to know a bit about the hosts and hosts Can Set Their Own Price and it is up to each host to decide how much to charge per night, per week, or per month.
How to Find Airbnb Property for Sell
The first thing that comes to the real estate investor’s mind before buying an Airbnb property is: where to find property that will catch tenants?
Location , location location is the key strategy and is definitely one of the most crucial components in real estate investments. The most sought after areas by people looking for short-time rentals are ones that are close to business centers, shopping centers, and public transportation. Don’t forget that we’re talking about Airbnb properties here, therefore, it is important to focus on areas close to tourist attractions, because short-time rentals are more about finding the best place to spend a vacation or a weekend. When looking for a rental property, pay attention to the time of the year that is more attractive to tenants to visit that area, and how popular the area is . So, there is your first clue: look for desirable places by asking yourself if you’re the one looking for a place to rent, what are the main characteristics you would be looking for in that property? Buying an Airbnb property in such an area will guarantee you will have constant demand on that property, and that the tenants will stay for long.
What are the risk to look out of ?
Probably the biggest risk for hosts is that their property will be damaged. While most stays go without incident, there are stories of entire houses being trashed by dozens of partygoers when the Airbnb hosts thought they were renting to a quiet family. Airbnb’s Host Guarantee program, described above, provides some assurance, but it may not cover everything, such as cash, rare artwork, jewelry, and pets. Hosts whose homes are damaged may also experience considerable inconvenience. This is one thing just to keep in mind and be aware.
there are specialized websites out there that will make your property search process much easier, like Mashvisor. Thier website is one of the best when it comes to providing real estate analysis of different real estate markets and cities. On Mashvisor, you will have access to thousands of real estate listings in different neighborhoods and cities in all states. Mashvisor’s real estate analysis enables you to view data on the most advantageous investment strategy (Airbnb or traditional) in each neighborhood, cash on cash return values, cap rate, rental income estimations, and occupancy rate. All of that is accessed through its investment property calculator. Our updated website gets you one step closer to buying an Airbnb property.
There are great websites to explore such as Masviors.com , who provide great information and on airnbnb and a airnub searcg list which you can explore and recieve great idea
check out this videoTo get a better idea about Mashvisor’s most useful characteristics and tools . www.mashvisor.com/blog/ultimate-guide-buying-airbnb-property/
