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Is It Possible to Make Airbnb Profits during COVID-19?

Is It Possible to Make Airbnb Profits during COVID-19?

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Airbnb Real Estate Investing – Is It Possible to Make Profits during any market fluctuation or crisis? by Rachel Prince Few may still think that owning and running Airbnb vacation rental properties means easy work and easy pay. We now know this simply is NOT the case. While it is most certainly one of the most creative ways to do real estate investing, it is by no means passive income or a passive job. The reality is, running vacation rentals takes time, skill, dedication, as well as money and strategy. Once you figure out the best ways to buy a home (cash/finance, investors, credit card, tax deferred strategies, savings, down payment , etc) and then you figure out WHERE TO BUY your operation so that its most successful and profitable,…
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Airbnb Real Estate Investing – What Makes It Worth It?

Airbnb Real Estate Investing – What Makes It Worth It?

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Airbnb Real Estate Investing – What Makes It Worth It? The ownership of an Airbnb investment property is a nice way to make some additional income. In the last few years, a number of cities in the United States have regulated rentals of Airbnb in the form of limitations and restrictions on, how many days one can rent out a property, if your home must be your primary residence or not, if you will pay hotel/lodgers tax, among a few others. Despite such regulations, it can be a worthy and rewarding investment path to pursue. There are lots of cities around the world to make healthy Airbnb investment choices with little concern for regulations. This makes investing in a home in order to Airbnb it, a viable option. Read on…
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Airbnb Real Estate Investing – Top Places To BUY BNB Short-Term Rentals

Airbnb Real Estate Investing – Top Places To BUY BNB Short-Term Rentals

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Airbnb Real Estate Investing – Top Places to buy short-term rentals: Are you considering making investments in Airbnb real estate properties? The game of real-estate investments have changed in the recent times by short-term rental platforms such as Airbnb. Since 2008, when Airbnb was founded, it has enjoyed major growth and has attracted guests and hosts from the world over. These days, an increasing number of property investors based in the housing market in the U.S are making investments in short-term rental properties and making money from the same. Here are some top things that Airbnb investors have to know about. Big Cities are booked the most Hotspots across the globe are big tourist destinations. Thus, they have the topmost rankings on the most-booked Airbnb property list. Major cities such…
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Airbnb Real Estate Investing – Consider THIS Before Making a Vacation Rental Investment?

Airbnb Real Estate Investing – Consider THIS Before Making a Vacation Rental Investment?

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Airbnb Real Estate Investing – What to Consider Before Making an Investment? Airbnb Real Estate Investing has lots of benefits for investors. It is possible to make more money from short-term property rentals, as one generally spends more money on lodging while traveling than on rent purposes. In the sharing economy of present times, Airbnb properties are getting more and more popular. The profits might appear amazing on paper. But there are quite a few things that you need to consider before you make an investment. Obstacles There are lots of things involved with the purchase of an Airbnb property, as you have to also list it and make proper arrangements to welcome guests. As the laws and rules of each city are different, you need to have a look…
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Can Landlords find Common Ground with Tenants Secretly Renting on Airbnb?

Can Landlords find Common Ground with Tenants Secretly Renting on Airbnb?

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Ask most any renter who has done it, and they will likely tell you they prefer asking for forgiveness later... [caption id="attachment_3648" align="alignright" width="426"] letulet allows landlords and tenants to use airbnb together[/caption] What are we talking about?  Airbnb of course! Most renters would rather just do it in secret than disclose to their landlord they've been secretly sub-letting out a room for money to strangers for nights at a time. But with recent stats showing that more than HALF of 25-34 year-olds want the ability to home-share their apartment units, it’s clear this issue isn't going away anytime soon. If only more landlords realized the deep rooted fear of a tenant to "ask permission" upfront to make a profit before signing a lease, after-all its the landlord that is supposed to…
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How to WOW your Airbnb guests in EVERY ROOM!

How to WOW your Airbnb guests in EVERY ROOM!

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How to WOW your Airbnb guests in every room: Tips and Tricks on how to go above and beyond. Hospitality enthusiast Darrel Bowman and I, your Airbnb Entrepreneur host, Rachel Prince, take you through each room and show you how to guarantee Airbnb guest satisfaction. We have put together some fun ways to provide a memorable experience for your guests - IN EVERY ROOM! BEDROOM: We’ll start with the most important, which is of course the Bedroom. This is where your guest spends the night, where they want to feel comfortable after a long day. We agree that it’s better to invest at the top in some good quality pillows and extra blankets that may be a little more expensive. They will stay cozy and last longer, and over time will…
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Being Black…on Airbnb

Being Black…on Airbnb

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written by:  Joe Wilson, Airbnb Superhost There are many layers to unpack when it comes to traveling while black. To put thing in perspective, we have to visit the racial history of our country. Folks like my grandparents and parents didn’t really travel growing up. This stemmed from both economic and a racial issues. Most black people didn’t have the means to travel and on top of that there was fear of travel - especially during the Jim Crow era. Black people couldn’t just drive across the country. There was the risk of getting to places where a hotel wouldn’t allow them to stay or being denied gas at service stations when needing to refuel. There was the risk of not being able to buy food at restaurants or getting…
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Airbnb the Clear Choice for Relocating to Indianapolis (or anywhere)

Airbnb the Clear Choice for Relocating to Indianapolis (or anywhere)

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Airbnb the Clear Choice for Relocating to Indianapolis (or anywhere) By Rachel Prince and Lexa Foy What do you do when your home sold within a week of being listed and you're relocating to a new city? Or what about when your new position is hundreds of miles away and starts next week? These scenarios often lead people into making hasty decisions that leave them unsettled and unhappy. So what's the solution? Temporary housing options can be hard to find, especially when moving with children. Hotels tend to be pricier per night with no negotiable rates and comes with the hassle of eating out daily. Extended stay hotels could be a potential option if you are able to accommodate with the hustle and bustle of the traffic throughout the halls,…
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Should Your Airbnb have Single Beds or Queen Beds?!

Should Your Airbnb have Single Beds or Queen Beds?!

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Guest Post by Mike: Are 2 Single Beds or Queen Bed Better for Your Airbnb Rooms?  In the Airbnb business, the ratings and reviews you get will build your reputation. That’s why it’s essential to offer a well-deserved comfort to your guests, even if that means making a few long-term investments. One of the details I care about most when it comes to my Airbnb business is the sound sleep of the travelers I host. A bad night’s sleep will go straight in the reviews, for sure! So I firmly believe that providing the best possible beds for the exhausted visitors is critical. Even if the room you give for rental is small, you can still make it look cozy and fit a comfortable bed in it. I often hear…
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Top Five Reasons to use Professional Short Term Rental Property Management

Top Five Reasons to use Professional Short Term Rental Property Management

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The financial benefit has become clear to some investors that short-term rental (STR) properties can offer a more lucrative real estate approach then long-term renting to tenants. But STR's are not for every investor! In fact, getting your first property purchased, updated, staged and listed to welcome your first guest can usurp a lot of valuable time and has many possible obstacles. This certainly is not a passive business model either. Instead, running an Airbnb rental requires daily availability for check-ins and communication with guests for inquiries and bookings, being consistently "on alert" for emergencies and damage control, as well as routine weekly visits for trash day and re-stocking. So, before considering purchasing or converting a home unit into a fabulous short-term property, one should strongly consider hiring a specialty property management team. To help you alleviate…
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Top 10 Airbnb Pricing Tips for Major Events (like Indy 500)

Top 10 Airbnb Pricing Tips for Major Events (like Indy 500)

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When can you make top dollar renting your home on Airbnb? Certainly, it's when you live near a venue that can hold 400,000 people, like the Indianapolis Motor Speedway venue with one of the largest seating capacities in the world. Every Memorial day weekend for the last 100 years, motorsports fans have flocked to Indianapolis to attend the Indy 500 top American Championship motor races at the Motor Speedway. People camp and bring their RVs for weeks at a time. Hotels and motels get booked up months in advance. With 175% more people than average looking for a place to crash this one weekend, this still leaves a huge housing shortage. Fortunately, Airbnb and other short-term renting / homes-sharing platforms have picked the slack. For homeowners that live in a less desirable area for most…
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3 Airbnb Essentials for Home Owners in Indianapolis [or anywhere]

3 Airbnb Essentials for Home Owners in Indianapolis [or anywhere]

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By Lexa Foy During a month-long trip to Colombia, South America, I had my first run-in with an Airbnb. All the hotels in the area were booked so our only option was to set up our profile and dive in. I was one of those people who scoffed at staying in someone else’s home, especially with the host there. It seemed awkard and unfamiliar. Despite my initial thoughts, I quickly started to see that my trip to Colombia would not nearly have been as enjoyable without our Airbnb stays.  Not only did we get an inside look at the culture, the hosts were super gracious and helpful in giving us the local's input which enhanced our stay two-fold. After returning from Colombia, I became slightly obsessed with Airbnb and wanted to learn more about this…
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Airbnb Short-Term Rentals Booming in Indianapolis

Airbnb Short-Term Rentals Booming in Indianapolis

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You could say we are going through a sort of mini short-term rental boom here in Indy. [caption id="attachment_1348" align="alignleft" width="392"] Indianapolis Real Estate Broker, Rachel Prince[/caption] Recent Indianapolis Airbnb successes are not a huge surprise to me, however, since Indy has been flagged as one of the top 10 national emerging cities by Forbes and among real estate investors like, Than Merrill and Fortune Builders. In 2017 we saw SalesForce opened up their headquarters in downtown Indianapolis, only one of many tech and pharma industries that continue to help boost jobs and business travel here. Not to mention, Indianapolis has a unique cultural presence and strong support for local events, such as First Friday, Canal concerts and neighborhood street fairs. We are seeing a jammed packed downtown convention center with an influx of…
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Top 10 Vacation Rental Blogs

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REPOST from VAYOO.COM http://www.vayoo.com/blog/top-ten-vacation-rental-blogs One of the big mistakes that vacation rental managers and owners make is to stay in their own bubble. Fortunately, it doesn't have to take much to stay informed. In fact, it just takes a few blog subscriptions. We've compiled the "Top 10 Vacation Rental Blogs " for you. 1. Get Paid For Your Pad – Jasper Ribbers Get Paid For Your Pad by Jasper Ribbers is one of the top vacation rental blogs where you can easily learn how to become an Airbnb Hosting Master in order to improve your guest experience and increase your income. All you have to do is to take the Airbnb listing test and discover the flaws in your listing. Looking for the best and reliable vacation blog? www.getpaidforyourpad.com is highly recommended!…
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Rachel’s Interview from Start-Up Property

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REPOST FROM: https://www.startupproperty.co/blog/real-estate-disruptors-rentalpreneur REAL ESTATE DISRUPTORS: Rentalpreneur A disruptive real estate investor creatively disrupting the AirBnb scene        Rachel Prince is the Rentalpreneur, and she tells her story of how she went from bedridden and broke to cash-flowing with no rent using AirBnB. This week on the blog we talk to Rachel Prince, a Real Estate broker and Rentalpreneur. Using the Air Bnb model, Rachel helps people solve their short-term rental problems. Let's get to know her a bit more, shall we?First and Foremost, please introduce yourself: Hi, my name is Rachel Prince, owner and creator of Rentalpreneur When did you start investing in real estate? October 2005 How big is your team? Or are you a one-man band? 1-girl show What part of town do you invest in?…
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