Airbnb Dependent Landlord

Performance Property Real Estate Question

The Danger Of Being An Airbnb Dependent Landlord

Q: I’m looking to buy a rental property.  At the prices I’m seeing for properties, the rents won’t come close to covering my mortgage and costs.  My cousin gets a lot of money for his place when he rents it on airbnb.  I feel more comfortable now knowing that.  Do you think airbnb is the way to go? Tim, West Orange, NJ A: For 6 hours on Oct 4th 2021 Facebook went down for 6 hours.  There are many businesses who are dependent on Facebook who lost revenue during that outage.  Likewise, in recent years there are many investors (often newbie investors) who overpaid for rental property hoping to cover their expenses and debt service by renting out a home […]

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