With the right management of this business and stable demand

Renting out real estate is perhaps the most successful option for obtaining passive income.

With the right management of this business and stable demand, daily rentals can bring in two to three times more income than long-term ones. In this article, we discuss where to start searching for Airbnb property and what pitfalls you may come across

If you use booking platforms, such as Airbnb, you have a high chance of getting a stable demand for real estate. When it comes to short-term rentals, tenants generally don’t want to spend a lot of time looking for suitable accommodation. Platforms make the booking process easier for potential tenants, so they prioritize them.

You can use the accommodation for personal purposes. Many owners can spend several vacation days in their house by the sea and then re-list housing for rent.

As for the downsides, the first thing you’ll run into is higher monthly expenses for cleaning products, towels, linens, and other items that need to be changed regularly. For tenants, such trifles play an important role so be sure to consider the financing of these expenses.

Also, the disadvantage is the waste of time. If you control all processes by yourself, then short-term rental housing will become the second full-time job. And even if you have delegated authority to third parties, situations may arise, such as the need for urgent repairs, in which temporary downtime of the property is indispensable

The issue of buying real estate for rent should be approached comprehensively. For convenience, you can create your own list of key factors according to which you will choose the property. We recommend including the following items:

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You can use the accommodation for personal purposes. Many owners can spend several vacation days in their house by the sea and then re-list housing for rent.


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• Location selection

Pay attention to the area where the property you like is located. Take the time to get around the surrounding neighborhoods and learn more about local amenities. Perhaps a secluded park, a grocery store, or a parking lot is nearby. If you include such details in the description of the property or mention them in a personal meeting with tenants, you will make a good impression and attract a certain audience to your property. By the way, when choosing a location, ask yourself what your future tenant looks like. A condo near a business center or a convenient transport hub is more likely to be rented by a business

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