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„...buying a place just to put on Airbnb in Toronto is hard to do in a profitable way...“ So you are saying it is more profitable to rent out longterm than sho
by philfrasty 9y ago
„...buying a place just to put on Airbnb in Toronto is hard to do in a profitable way...“
So you are saying it is more profitable to rent out longterm than short-term? Totally not my experience. Hosts on Airbnb easily make 3x to 4x the usual rent (Munich, Germany), even far outside the city center. But might be purely city related...
- kbos87 9y agoLooking purely at cash flow, it isn't profitable to buy and rent out an apartment in a lot of American cities at least.
- Dave_TRS 9y agoAgree. I have investment properties in a few cities, and consider airbnb only as an option of last resort to fill vacancies. The daily rates seem high on the surface, but the turnover, vacancies, risks, management costs all eat away at the profits.