These days it’s now hard to know someone who owns an Airbnb or two because they are so popular but if you’re an investor the big questions that you should have is if you should invest in an Airbnb or long-term rental instead?
What Are the Cons of Owning Airbnb Rentals?
Sure, you’re intrigued about owning an Airbnb because depending on the area where it’s located, that rental could always be in high demand but what about the cons of owning an Airbnb?
- Unhappy neighbors – Airbnb has been encountering more pushback from cities and landlords across the United States who view these rentals as not being good for the rental market.
- Taxes – In recent years Airbnb owners have faced having o pay many new taxes and those taxes are only anticipated to continue growing in the coming years.
- Expenses – Airbnb’s can be expensive to rent because they have to be fully furnished or people when they arrive compared to a traditional rental property.
Why Traditional Rentals Are Better
With a traditional rental property, you only have to first concern yourself with offering a property that’s in habitable condition and is close to schools, stores and the renter’s place of employment.
Once you’ve found the right rental property and you’ve prepared it for rent the next thing you have to do is a comparable analysis of similar rentals in the area to determine what you should rent your property for, decide on the monthly rent then list the property online.
After you list your property you can count on reliable cash flow from that rental property for one year that won’t be here one month then gone the next.
Get Property Management Here
For property management in Stockton or the surrounding area contact RPM Central Valley today by calling us at (209) 572-2222 or click here to connect with us online.