5 Things To Consider Before Jumping Into AirBNBs Or Short-Term Rentals

Thinking about starting an Airbnb business or investing in short-term rentals? Here's are some financial considerations you might want to think about before plunging in!

Not a lot of people know how to successfully do short term rentals successfully, and despite what your favorite influencer might have told you, it is not the easy passive income hack that will allow you to retire early without any effort.

That doesn't mean it can't be done well, but as with all things in life, your success will track with the amount of work you are willing to put in.

In this video, I want to elaborate on 5 financial planning questions that you should ask yourself before jumping into an airbnb or short term rental business so you can be prepared to make the best investment decisions for your financial future.

Remember, Financial Freedom is found through Discipline 👏

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Timestamps:
00:00 - Let's talk Airbnb and short term rental financial considerations
00:27 - 1. Understand the true cost of the property (maintenance!)
02:42 - 2. Understand that success may take patience
06:28 - 3. Make sure you can hold the property without rental income
08:06 - 4. Don't treat the property as a second home!
09:06 - 5. Check local sentiment about short-term rentals
11:34 - The top 3 reasons I see people fail

#shorttermrentals #airbnb #realestateinvestment