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» What do you guys think about doing Airbnb?
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post 1697071173 01-28-2024, 09:58 AM
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  1. Eatforgains
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What do you guys think about doing Airbnb?

I’m talking about the arbitrage business model. So leasing a place for 12-18 months and listing it for Airbnb. Granted you’d have to provide it some sort of furnishings. I guess it’s a popular thing people on Zillow get messages about.

My thoughts are let’s say the rent is $2000 a month.

The average Airbnb price seems to be around $90 a day.. even with 100% occupancy which is totally unrealistic you’re only grossing $2700 before any furniture payments.

So $700 on a perfect month (which I’m sure the site takes a cut of) before any expenses related to potential damage.

I don’t get how it would be worth it.

Am I missing something?
post 1697072123 01-28-2024, 10:17 AM
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  1. JackyChin
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I think it might have been pretty lucrative 10 years ago.

Like most good ideas, it has been arbitraged to nothing over time

"What the wise do in the beginning, fools do in the end."
post 1697072133 01-28-2024, 10:17 AM
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  1. GuineaDago585
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Some girl I went to high school with does it and hasn’t worked a real job a day in her life. Her dad peddles courses teaching people how to get rich off Airbnb and she runs his properties. The girl takes vacations every month and flaunts a rich lifestyle on social media so it seems legit, but maybe her pops is just scamming wagies.
post 1697073323 01-28-2024, 10:42 AM
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  1. Eatforgains
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Originally Posted By GuineaDago585
Some girl I went to high school with does it and hasn’t worked a real job a day in her life. Her dad peddles courses teaching people how to get rich off Airbnb and she runs his properties. The girl takes vacations every month and flaunts a rich lifestyle on social media so it seems legit, but maybe her pops is just scamming wagies.
I dunno maybe they own the properties outright? Hard to say.
post 1697073473 01-28-2024, 10:47 AM
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  1. Paul Kreul
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I have a cabin right by a popular ski mtn and vacation lake was going to turn it into an airbnb but I've spoken to some friends that own them it is more hassle than it's worth for me. I can rent it out for a holiday weekend and make as easy $5k..I might do that in the future
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