AIRBNB: WHAT TO CON­SIDER

Destiny Man - - MONEY -

In ar­eas with high vol­umes of short-term vis­i­tors such as tourists or fre­quent busi­ness trav­ellers, Airbnbs have been very suc­cess­ful.

Some peo­ple rent out a sin­gle room in their home, while oth­ers rent out the en­tire prop­erty.

There are sev­eral fac­tors to con­sider:

• You need to be a host who takes care of your guests. Many hosts of­fer daily break­fast, for ex­am­ple, ei­ther as a served meal each morn­ing or in the form of a voucher for a lo­cal restau­rant.

• There are daily clean­ing and main­te­nance costs.

• De­cide whether you want to pay an agent to han­dle rentals.

• Re­mem­ber that your Airbnb may not run at full ca­pac­ity ev­ery month. If that’s fi­nan­cially dif­fi­cult for you, then a long-term, re­li­able rental may be a bet­ter op­tion.

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