How to Choose THE RIGHT Property for an Airbnb Investment

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8 months ago
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Finance

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When used correctly, short-term rentals like Airbnbs can be extremely beneficial for lowering taxes. This is because they can help people to offset their active income such as income from a job or business. However, many people unfortunately have no idea how to choose ideal rental properties to invest in for Airbnb purposes.

In this video, tax expert Karlton Dennis explains exactly how to select a short-term rental property to optimize both the tax benefits and the rental performance of an Airbnb property. He discusses many different factors that should go into deciding on a property including the building value vs. land value, the projected occupancy rates, and more.

If you are someone who is trying to figure out how to choose the right property for an Airbnb, then this is a good video to watch. After all, selecting the right property is one of the single most important factors for creating a successful Airbnb rental. Karlton also answers a short-term rental question from a subscriber at the end of this video.

CHAPTERS:
0:00 Intro
0:46 The 80/20 Rule for Airbnb Rental Properties
1:56 Favorable Regulations for Airbnb Rental Properties
3:35 Prioritize High Tourism Areas
4:51 Your Airbnb Should Have Great Amenities and Unique Selling Points
6:09 Consider Your Budget
7:54 Summary
8:20 Question from a Subscriber!
9:11 Outro

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#airbnb #shorttermrentals #taxstrategy

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