2018 was a tough year for Airbnb as the short-term rental giant encountered serious brush back from many cities around the world.
It’s not hard to see why there has been resistance to Airbnb recently especially when you look at it as a supply vs. demand issue. If more owners are using their properties as Airbnb’s instead of long-term rental properties then that, of course, will eat up the supply of available long-term rental properties in states like California.
The big question is should you own an Airbnb or long-term rental property in 2019? In this article, we will answer this question and provide you with reasons to consider owning long-term rentals next year instead of Airbnb’s.
Should You Own an Airbnb?
Although owning Airbnb’s seems glamorous and sexy at times, the reality is that they come with A LOT of work and owners don’t often recoup their investments with Airbnb’s like they would when they own long-term rentals.
When you own an Airbnb, you have to be prepared for:
- Rising taxes and fines in California.
- No property management unless you find someone who can manage your Airbnb for you.
- Unstable rental income – It’s not uncommon for some Airbnb’s to go unrented for months at a time, especially during the winter months.
- Work – Airbnb owners work harder than other owners when it comes to marketing their properties online and making their rentals feel as warm and inviting to their guests as possible.
Should You Own A Long-Term Rental In 2019?
Owning a long-term rental property offers the most benefits by far because with a long-term rental property you can early stable income on a monthly basis and have confidence that your property will be rented for up to 12 months at a time thanks to a lease.
Another huge benefit that comes from owning a long-term rental property is that you don’t have to do any of the work yourself. You can hire a property management company like RPM Central Valley to manage your rental properties for you.
Contact RPM Central Valley
Don’t manage your rental property yourself, let us save you the time, money and hassle of managing that property! Contact RPM Central Valley by calling us at (209) 572-2222 or click here to connect with us online.