The Airbnb vs. traditional renting debate has been receiving quite some attention, especially after the pandemic. Let’s clear the air.
In this video, TikTok influencer Ryan Pineda pops the famous property investment question - Airbnb or Long-Term Rentals.
Whether you should rent out your property for the long term or do an Airbnb rental depends upon the market of your location. For example, if you live in Las Vegas, Airbnb is not very friendly. Hence, it rules out the possibility of Airbnb rental at all.
In an Airbnb-friendly market, the factors for your decision change. You need to spend money to furnish the place. Moreover, if you do not hire a property management company, be ready to invest hours to manage the property.
In long-term rentals, the rental income would be comparatively lower than the income in the Airbnb rental. However, it would require you to do a lot less work.
Make a decision depending on the market, the investment you will put into the property, and the time you can put into it.
Keep checking this space for more property investment tips from your favorite influencers.
Source: https://www.tiktok.com/@ryanpineda/video/7077006350412172586
Published by: Agnes Zang