4 ms·
That's roughly a 25% annual return. nice. We're renting out our place in Buenos Aires. We're clearing 10% return and I use it when I go back there to meet with
by rubyrescue 13y ago
That's roughly a 25% annual return. nice. We're renting out our place in Buenos Aires. We're clearing 10% return and I use it when I go back there to meet with the team. Stays about 80% -90% full, great location. Guests love it. My wife (who doesn't work full time) manages it remotely. It's been a very positive experience and my takeaways are similar to the writer's. It's not passive income, but it's steady...
- pa5tabear 13y agoDo you rent to the same people for extended stays? I'm wondering about the amount of work it would take to clean up the room after each guest, and whether that would outweigh the profit.
- rubyrescue 13y agoOur maid runs it now (hands off keys/cleans up). It costs us about 15% of the rental money we get. We focus around 1 week stays.
- RockyMcNuts 13y agoalso significant labor invested and ongoing to make $13,608 per year (not passive, as you note), transaction costs if you want to sell it, not risk free (although not necessarily much riskier than say the S&P) .
- conanbatt 13y agoWould like to know more about this as an Argentinian! Airbnb prices are so steep in buenos aires, how does it make sense for tourists? Even Zonaprops has way cheaper places for weeks and such. In argentina Airbnb is not going to get regulation issues ever.. Would you mind if i gave you my email? Plus we might know each other already.
- rubyrescue 13y agoSure my email is in my profile... it's $110 US/night but 4 can stay. Cheaper than a hotel and separate bedrooms. So compared to a hotel, way cheaper. Also, safer than zonaprop or BYT where you have to show up w/$700 cash for a week PLUS $700 deposit. Then they argue w/you about the deposit, etc...