This is an update to our “Airbnb: Does The New Kid On The Block Present An Investment Opportunity?” posted in March, 2019. The year was 2007. Three air mattresses and the promise of breakfast turned an apartment into a weekend rental, and Airbnb was born. Nearly 15 years later, in more than 190 countries and 81,000 cities, the short-term rental …
Re-Evaluating Your Investment Property
BUY. HOLD. SELL. These are three things every investment property owner should have on their minds on a regular basis. A seasoned investment property owner might consider these options once or twice a year. Moreover, they are always keeping an eye on market conditions, cash flow, return on investment, tax incentives, their overall portfolio and future cash needs. Below we …
Airbnb: Does The New Kid On The Block Present An Investment Opportunity?
Historically, residential investment properties consisted of three types: long term rentals, vacation rentals, and flipping a house. But there’s a new kid on the block, and its name is Airbnb. A 2008 start-up company based out of California, Airbnb hosts a website and app that are user-friendly both for homeowners to advertise on and customers to search for short-term rentals. …
Investment Property: Flip… Or Buy And Hold?
Most Americans would agree that buying property is a sound investment. Many of us dream about our very own weekend country house sitting on several acres, or perhaps a top floor downtown condo with stunning views of the city. In fact, home ownership in America is almost 65%. However, investing in property is a whole different ball game, and the …
Buying Investment Property: Some Tips
Buying investment property seems like a pretty straightforward venture. Select a property, purchase it, clean it up… and tah-dah! You’re ready to rent it out to prospective clients as either a residential or vacation property. Or maybe you try to flip it. Now, just sit back, collect the rent and watch your profits skyrocket along with the value of your …