Rental properties are nice. Once you get them up and running, you can make them a nice source of passive income. Many rental property owners manage their rentals remotely and hardly ever have to visit them.
Sounds great, doesn’t it? Sure. Until that little voice in the back of your head starts asking:
“Can we do better?”
Many people have done better. And they’ve done it with AirBnB. People will pay more for a couple of nights than they will for a month, or a year.
AirBnB is a website service people use to rent out anything from extra space in their own home, to rental properties, vacation homes, cabins or any other unused real estate. Renters can rent the spaces anywhere from a night to a month or more.
Ever have someone wiling to sign a 2-3 year lease in exchange for a reduction in rent? Or a free month? The same works in reverse. And that’s why AirBnB can be so attractive.
The trouble is the turnaround.…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.