Quote:
Originally Posted by 78701
You can't make money renting out a condo. After depreciation/mortgage interest, property taxes, and HOA dues, the return is negative. The only play here is the price appreciation.
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Not only that, I've heard most Air BNBs are not very profitable for the person doing the renting. Revenue can look good, but positive cashflow as a permanent rental unit can be difficult to pull off.
Garage apartment rentals or incidental income while out of town are obviously different, but in 2019 I don't think most people trust Air BNBers in their actual home. I did it one time when the service was new because I was out of town during SXSW and my neighbor said we had at least 20 people flopped in the house and while they didn't break anything, it was really disgusting when we came home.
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