Ep 24 - Is Airbnb A Good Investment / Should I Airbnb My Home?

<p>In this episode we talk about if Airbnb is a good investment for you! We talk about the pros and cons of owning an airbnb investment property. We discuss all the possible hidden fees that can occur, which a regular LTR property may not have!</p> <p> </p> <p>Help support us by joining our Patreon! (<a href='https://www.patreon.com/BrokeMillennialFinance'>https://www.patreon.com/BrokeMillennialFinance</a>)</p> <p>Check out our website for more content: (<a href='https://brokemillennialfinance.net'>https://brokemillennialfinance.net</a>) </p> <p>Subscribe To Our YouTube Channel: (<a href='https://www.youtube.com/c/brokemillennialfinance'>https://www.youtube.com/c/brokemillennialfinance</a>)</p> <p>Here are the referral links for you to join to get your free stocks:</p> <p>Robinhood: (<a href='https://join.robinhood.com/naveras-a23246'>https://join.robinhood.com/naveras-a23246</a>)</p> <p>Webull: (<a href='https://act.webull.com/i/QNmo8WB8Yzc2/74x/'>https://act.webull.com/i/QNmo8WB8Yzc2/ufl/</a>)</p> <p>Coinbase: (<a href='http://coinbase.com/join/khan_st?src=ios-link'>http://coinbase.com/join/khan_st?src=ios-link)</a></p> <p>Show Notes:</p> <ul><li style="font-weight:400;">Is airbnb a good investment?</li> <li style="font-weight:400;">Pros: <ul><li style="font-weight:400;">The short term rental market is growing <ul><li style="font-weight:400;">It is expected to grow 8% annually</li> </ul> </li> <li style="font-weight:400;">High rental income <ul><li style="font-weight:400;">You can get a lot more income in prime locations rather than renting your place.</li> <li style="font-weight:400;">I.e: You can rent out a place in Orlando for about $120 a day (60% occupancy rate, monthly $2160) and average rent is $1400 a month.</li> </ul> </li> <li style="font-weight:400;">You can use the place for vacation yourself!</li> <li style="font-weight:400;">Landlord/Tenant laws don't apply.</li> </ul> </li> <li style="font-weight:400;">Cons: <ul><li style="font-weight:400;">You will have to get a PM <ul><li sty