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What would you do if you had had the same sort of experience that EJ had? I think you might change your mind. Let's look at your numbers... I'll guess that you
by pontifier 15y ago
What would you do if you had had the same sort of experience that EJ had? I think you might change your mind.
Let's look at your numbers... I'll guess that you charge $150/night (minus the $20 AirBNB fee = $130/night you had 100 nights in 18 months, for an average of ~$722/month.
That's a tidy sum. Is it worth the work, risk and headache? Would the value of the extra property you are keeping and renting provide a better return if you moved to a smaller place and put the value difference in another investment?
These are questions you have to ask yourself, and everyone will have different opinions. My opinion is that being a landlord means having illiquid assets that provide a low return with high risk and a lot of work.