Day: May 16, 2022
AirBnB is just as amazing as it is awful.
It’s the source of so many exceptional benefits, and at the same time, the cause of so many problems.
A client of mine who owned (past tense, as he has liquidated almost everything…) upwards of twenty condos was a huge proponent of AirBnB. His returns were through the roof, he said. Imagine a condo that would ordinarily rent for $2,200 per month but for which he would gross upwards of triple the amount by renting nightly on AirBnb?
Of course, this requires a property manager, and not just “a” property manager, but “the” property manager, as in the best property manager that I have ever met in all my years in the business. Before you ask – no, I can’t give out his contact info. Property management companies will routinely take 20% of gross rents and most of them do nothing
