I Bought An Apartment To Rent Out On Airbnb
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I Bought An Apartment To Rent Out On Airbnb
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Re: I Bought An Apartment To Rent Out On Airbnb
#2Was there anything specific when applying for insurance? Did you need to disclose it was being rented out or anything (I'm assuming if you had to this would affect premiums)?
Re: I Bought An Apartment To Rent Out On Airbnb
#3Thanks for this, I wondered what the details might be like.
I don't suppose you've had the County come after you for occupancy tax yet have you? While in general there are a lot of hotel rooms in Vegas (something like over 140,000) the hotels are a pretty strong political block and have been a thorn in the side of some folks who went the VRBO route.
Re: I Bought An Apartment To Rent Out On Airbnb
#4It’s possible to find a nice apartment in a major city for less than $50,000. The place I found was in Las Vegas and it cost $40,000.
Wow, I had no idea things were that good/bad. Here in the UK, I deliberately choose to live in a cheap part of the country and you'd still be talking $120k or so for an equivalent 1 bed flat. This really illustrates to me why efforts to turn various areas in the US into "mini Silicon Valley" areas could actually work.. when you can have a good, secure base for a year's salary, it surely changes your attitude to risk.
I don't think there's anywhere in the UK you could buy a house for under $100K where you wouldn't be getting bricks through your window or dealing with gangs of chavs on a daily basis. I wonder if this goes part of the way to explain why Brits are far more reluctant to take risks in the entrepreneurial sense.. you gotta be on a darn good salary to have a place of your own anywhere on our isles.
Re: I Bought An Apartment To Rent Out On Airbnb
#5Does Lockitron work for someone who happens to not have mobile phone service where the rental is? As convenient as it is, it seems like short-duration travelers to a country don't always bother with having a working mobile phone where they're going. If so, I'd hope it's obvious in the listing.
Re: I Bought An Apartment To Rent Out On Airbnb
#6I wonder how he deals with unruly guests.
Re: I Bought An Apartment To Rent Out On Airbnb
#7It’s possible to find a nice apartment in a major city for less than $50,000. The place I found was in Las Vegas and it cost $40,000. Wow, I had no idea things were that good/bad. Here in the UK, I deliberately choose to live in a cheap part of the country and you'd still be talking $120k or so for an equivalent 1 bed flat. This really illustrates to me why efforts to turn various areas in the US into "mini Silicon V…
Your GitHub says Cambridge, is that true? I am in Cambridge and it is not cheap here.
Re: I Bought An Apartment To Rent Out On Airbnb
#8That's roughly a 25% annual return. nice. We're renting out our place in Buenos Aires. We're clearing 10% return and I use it when I go back there to meet with the team. Stays about 80% -90% full, great location. Guests love it. My wife (who doesn't work full time) manages it remotely. It's been a very positive experience and my takeaways are similar to the writer's. It's not passive income, but it's steady...
Re: I Bought An Apartment To Rent Out On Airbnb
#9Does Lockitron work for someone who happens to not have mobile phone service where the rental is? As convenient as it is, it seems like short-duration travelers to a country don't always bother with having a working mobile phone where they're going. If so, I'd hope it's obvious in the listing.
You need a working mobile phone with service, but it doesn't need to be a smartphone.
https://lockitron.com/help/mobile#smsaccess
EDIT: Included more detail about needing a working mobile phone with service, due to ahlatimer.
Re: I Bought An Apartment To Rent Out On Airbnb
#10very interesting post, it's always great to read about other sources of income. I wonder if renting on airbnb is more lucrative than renting in general.