Rules and regulations in the city With Airbnb becoming popular in various cities across the world, multiple strict rules and regulations have been imposed on short-term rental businesses to avoid the downfall of the local housing market. An Airbnb business has a greater chance of succeeding in locations with few or no restrictions on the rental business. These cities have tourists and business people coming in from all over the world which increases the occupancy rates of Airbnb homes. This chapter will explore the concept of Airbnb, how this can be an opportunity for the wealthy experienced investor, the mom and pop small investor or the first time potential investor with no money, no credit and no property.
The Wealthy Investor
The wealthy investor is always looking for ways to improve and increase their real estate portfolio. One of the best ways to do that is to purchase rentals that are located in prime desired locations. Ft Lauderdale Beach, Waikiki Beach Honolulu Hawaii, Ski resorts like Vale and Mt Snow, Vegas, New York City, etc. These are the most expensive areas to purchase but will yield the highest cash flow and the highest future appreciation.
The Mom and Pop Small Investor
As the Baby Boomers retire and look to either downsize or move to warmer climates instead of selling your family home keep it and rent it out. If you are in a reasonably good area then short term rentals like Airbnb are a good alternative to keep your existing home instead of selling and downsizing.
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