How to Invest in an Airbnb From Out of State

You probably just went on vacation and stayed in an Airbnb. Let me guess you thought these people must be making a mini fortune.

You're probably right. There's plenty of reasons to think about investing in a short-term rental property.

How to Select a Market

Look for markets with a strong rental demand, low demand to  own property, and good prospects for growth. Maybe start with your fav vacation spots


Think about the expenses

It's crucial to accurately estimate expenses: Mortgage, Taxes, Utilities, Insurance, Cleaning, Maintenance, Furniture, Linens, etc.


Project revenue

How much are other rentals getting. You should be able to make 3x the long-term rental rate. Check out Zillow or Rentometer for estimates.


Calculate Revenue

Revenue = Average daily rate X Occupancy


Self-manage or Hire someone

Your next big decision is who's gonna run it. It depends on how much time you want to invest.


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