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<blockquote data-quote="Ternarydemonite" data-source="post: 199977" data-attributes="member: 5221">A girl I know is doing this on a hipster area here in Mexico City. She checks the apartment and occupants daily (e.g. small, quiet parties, no smashing doors). The landlord and neighbors do not like the idea, but so far nothing has gotten out of control.She leased the apartment on the same building where she already leases, paid the security deposit, bought beds, key-locks, dishes, mattresses, basic furniture, etc. She will recoup such costs in about a year. Average occupancy rate is about 60/70% per month. Once she recoups the initial costs, her profit should pay for her share of her main lease with some change to spare, but she still has to live with 2 roommates. Considering the initial capital costs and the amount of time required to manage and promote the rooms, I think an Airbnb hustle should work if you (i) lease a place within very short walking distance from your main place, (ii) the leased apartment is already equipped and furnished and/or (iii) you spread the risk with a co-leaser.If you already own a place and it is not located in an extremely expensive global city (i.e. NY, London, Singapore) I think a standard lease should give you way less headaches for about the same yearly income.</blockquote>

[QUOTE="Ternarydemonite, post: 199977, member: 5221"] A girl I know is doing this on a hipster area here in Mexico City. She checks the apartment and occupants daily (e.g. small, quiet parties, no smashing doors). The landlord and neighbors do not like the idea, but so far nothing has gotten out of control. She leased the apartment on the same building where she already leases, paid the security deposit, bought beds, key-locks, dishes, mattresses, basic furniture, etc. She will recoup such costs in about a year. Average occupancy rate is about 60/70% per month. Once she recoups the initial costs, her profit should pay for her share of her main lease with some change to spare, but she still has to live with 2 roommates. Considering the initial capital costs and the amount of time required to manage and promote the rooms, I think an Airbnb hustle should work if you (i) lease a place within very short walking distance from your main place, (ii) the leased apartment is already equipped and furnished and/or (iii) you spread the risk with a co-leaser. If you already own a place and it is not located in an extremely expensive global city (i.e. NY, London, Singapore) I think a standard lease should give you way less headaches for about the same yearly income. [/QUOTE]

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