Oct 26, 2017
Brian has a property in Nashville that he rents out through Airbnb, which brings in almost double the amount of a traditional rental property. On this episode, he talks about why it's the better option than renting out houses traditionally and the process of setting your house up for it.
ON THIS EPISODE, YOU’LL LEARN MORE ABOUT:
- What is Airbnb and VRBO?
- The house that performs better than any rental that Brian has despite taxes and expenses on it.
- A breakdown of the house.
- Why Brian never sells real estate.
- Why Airbnb was the perfect solution for his house.
- The piece of furniture that brings in extra $20 a night.
- How much it costs per night to Airbnb the house.
- Why the Airbnb property manager charges 18% than the normal 10%.
- First step you need to do if you want to Airbnb your house.
- Why they allow only 3% of the total houses in a neighborhood to be STRP’s.
- Amount of tax you need to pay off.
- Why Airbnb is better than the normal rental.
- Why the Nashville vote to end short term rental properties in 2019 might not happen.
- How Airbnb can help lift off the mortgage burden.
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