Mar 29, 2021
Al Williamson and I just did a podcast where he definitively
answered that question and you may be surprised by Al's answer.
He can back it up with facts. Watch the podcast for all the
details.
Let me tell you a little about Al. He's a former civil engineer
with over 24 years of experience investing in real estate,
including single family, multifamily, house flipping, commercial,
and short-term rental properties. He’s a nationally-recognized
authority on short-term rentals and has been featured on many
podcasts and numerous real estate conventions and REIAs since
2014.
He's tried a lot of different things in real estate investing. Al
is extremely knowledgeable in the corporate housing space. We
talked about the pros and cons of short-term rentals (like AirBnB)
vs corporate-furnished rentals with stays of 30 days and
longer.
We talked about:
· Rental Arbitrage
· Extended Stays
· How to figure out rates to charge
· Less scrutiny for long shorts vs. daily stays of an AirBnB
With an AirBnB or VRBO, you have to deal with:
· Tenants moving in and out every few days
· Potentially boisterous people on vacation who "accidentally"
damage your property
· Reducing your rates to compete with newbies flooding your
market
· Catching a dose of "Host Fatigue" and feeling emotionally
spent
So, before you jump in and become an Airbnb Host, consider becoming
an Extended Stay Business Owner instead.
To find out more, check this out - http://investorfinancingpodcast.com/corporate-rentals
If you'd like to meet with Beau to talk financing, book a
call here
( http://bookwithbeau.com/ )