3 ms·
That seems a much better plan than the author's, because if things go wrong you still have the original asset to fall back on (you can move back into your house
by seanhunter 5y ago
That seems a much better plan than the author's, because if things go wrong you still have the original asset to fall back on (you can move back into your house if the bottom falls out of the airbnb thing and you can't live on it any more).
- chii 5y agoyou might need to be near your house that you let out as an AirBnB rental, so that you can take care of stuff for it (or pay for some sort of management in lieu). If your cheap housing is far away from your asset, that will have a cost associated with managing the airbnb rental that you need to account for (either with time, or payment).
- madaxe_again 5y agoThe management cost is well, well within the margin, and I run a two night minimum to ensure it doesn’t eat the nightly rate. Another advantage is that many countries offer tax incentives to rent furnished holiday lets - in the U.K., for instance, your mortgage interest and utility bills become allowable expenses, offsettable against income from the property.