Is It Better To Rent Your Property Through Airbnb Or Long-Term Tenants?
Investing in real estate is one of the main ways that Americans become wealthy, but there are three main questions that you should ask yourself before you sign on the dotted line. I break down what those three things are, the pros and cons of both short-term and long-term rentals, and some guidelines that can help you determine if an investment is likely to be profitable. I get into my own experience with renting out properties on Airbnb and explain why I don’t consider them to be a source of passive income. Plus, I share two simple rules that are designed to help investors avoid the mistake of underestimating expenses and overestimating profits. IN THIS EPISODE, WE TALK ABOUT: Figuring out what type of investor you are How to do a solid cost analysis to make sure you’re making the right purchase The most common difficulties that landlords experience How the work involved with short-term rentals has changed since I first entered the market in 2015 The 1% and 50% rules of real estate investment RESOURCES: Pre-sales for my first book, Wealth Habits, are available now. Buy your copy at wealthhabitsbook.com and become a part of my exclusive book launch team, where you’ll receive early access to the book, a live teaching and Q&A with me, plus more bonuses to be announced. Buy your ticket for the next Wealth & Business Summit on November 9-11 in Scottsdale, AZ. Early bird pricing is available now! Learn more from me and proven business experts by signing up for one of my many online courses. CONNECT WITH CANDY Follow me: @candyvalentino Join Founders Organization Learn more about your ad choices. Visit podcastchoices.com/adchoices