13 Things to know before you start an Airbnb
Most people who list on Airbnb have what we call STRs. STR (Short Term Rental) – based on where I live, it’s when you rent out your place for 28 days or less. Before you start an Airbnb, please ensure you have done your background work: Background: Regulation, licences, HOA etc Please check regulations around STRs in your city, community, condo, estate etc. Make sure you qualify then apply for any licences you need to apply for. Additionally, what does your Home Owner Association (HOA) say? Some communities have HOA that do not support STRs. Please check in with your HOA before you invest. Also, consider condo fees. For some condominium, condo fess goes up if you decided to STR. Also, some condos don’t accept STRs. Furthermore, there are many places you can put your STRs on. You can put it on Airbnb, VRBO, booking.com etc. Please research on these places before you list your STR. There are people who have their rentals on all of the above places. You can do...