Bernadette has been on Airbnb before most people even knew it existed and in this episode she shares the most important things that you need to think about before actually buying the property for Airbnb.
Watch the Episode on Video:
- 00:00 Intro
- 00:29 10 Things to consider when buying a property
- 02:12 What is short term rental?
- 02:48 Location
- 04:40 Investigate the Demand
- 05:45 Buying a unit or house
- 06:56 Understand the state and local legislation around short-term rental.
- 08:16 New or existing property?
- 10:11 Uniqueness
- 11:08 Management
- 15:08 Capital gains tax implications
- 15:40 Spoil your guest
With Airbnb, it’s so much fun because you get to let your creativity run wild it’s a really good strategy for someone that doesn’t have property, but still wants to push up their cash flow.”
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