10 years ago
2
I bought an apartment to rent out on airbnb
In 2012 I bought an apartment specifically to rent out on airbnb. I’ve been managing it remotely for the past year. This post includes everything I learned as well as some revenue numbers.
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http://needwant.com
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Where do you get an apartment for $40k?
Maintenance is not addressed in particular. During the first year(s) probably not a major consideration. Budgeting for maintenance however needs to take place. Renters, in general, are notorious for abuse to properties, the normal expected life of any fixture, furniture, or anything provided will be far less than half normal. Unless one can find the dependable/honest handyman or service, this cost will be reflected not only directly but in inconveniences to renters, thus reduced income, a la, rent refunds/adjustments, bad reviews/referrals