What are the considerations when deciding to invest in Airbnb or short term rentals?
Firstly, it’s important to understand that Airbnb or short term rentals may not always be the best investment for everyone. It’s a good option if you’re looking for a home that you want to use occasionally or if you have an emotional attachment to the area. However, if it’s your first investment, it might not be the best choice as it is a bit more risky. You don’t have a steady income every single month unlike a long term rental where you have a set amount coming in. Also, the market can be oversaturated in some areas, so it’s crucial to consider the product and location.