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Using Airbnb to make money
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<blockquote data-quote="Philly215" data-source="post: 199991" data-attributes="member: 3122"><p>This is very common in West Hollywood/Hollywood area. Investors buy new town homes and rent them out through airbnb to travelers.</p><p></p><p>In every case the other home owners complained to the developer and the association. They made good money from it, but these are 3000 sq ft houses getting top rates. Even owning the property, people still complained.</p><p></p><p>In my opinion, this is only worth doing if you plan on using it to pay your rent. If you are trying to make an income from it, it will get very hard to manage that kind of volume spread over several properties to actually bring in several thousand a month.</p></blockquote><p></p>
[QUOTE="Philly215, post: 199991, member: 3122"] This is very common in West Hollywood/Hollywood area. Investors buy new town homes and rent them out through airbnb to travelers. In every case the other home owners complained to the developer and the association. They made good money from it, but these are 3000 sq ft houses getting top rates. Even owning the property, people still complained. In my opinion, this is only worth doing if you plan on using it to pay your rent. If you are trying to make an income from it, it will get very hard to manage that kind of volume spread over several properties to actually bring in several thousand a month. [/QUOTE]
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