Lately we’ve had an influx of questions about short-term rentals like Airbnb, VRBO, and HomeAway. This idea is attractive for many people, because there’s certainly the potential to make a lot of income in a short period of time.
And since Natali and I have personal experience renting out our vacation home, we thought we’d share our opinions on what it takes to successfully become a short term-rental host! You’ll learn about insurance costs, tax advantages, and why it’s so important to do your homework before diving into the world of short-term rentals.
This episode of Investing in Real Estate is sponsored by Fund&Grow. Fund&Grow helps investors access business lines of credit with 0% interest. For $500 off your startup fee, visit morrisinvest.com/funding.