Air BnB - Easy Money Just Laying Around Your Spare Room Right?
So this Air BnB phenomena is amazing. I have heard of people taking long term leases on luxury houses for $3,000+ a week on the Gold Coast and then short term renting the place out for upwards of $2,000 a night through Air BnB. Now I am not suggesting you do that but if the property owner is aware and ok with subletting it seems to me to be a pretty good business model.
The question is though, how do you maximise your return on your Air BnB journey and also make sure you comply with the red tape.
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What's The Biggest Potential Problem?
Not an easy question to answer but I see two or three possible problems with Air BnB. The first two are general business problems not really specific to Air BnB but worth mentioning all the same:
1. What happens if you don't get enough business?
Every business needs to procure enough sales to make a profit or why are you bothering. There is nothing specific to Air BnB about this but it is still considering, especially if you are spending money to set your property up or, as in the example above, taking the financial risk of a long term lease.