Better to Airbnb out a rental or find a 12month lease tenant?

Posting as :
works at
You are currently posting as works at

If AirBnB is legal and you have a house people would want to rent, you’ll make more money on AirBnB. It’s also way more work though - e.g. arranging cleaning in between guests and whatnot. I have an airbnb and make great money but it’s not a low stress side gig!

like

Do you mind sharing what great money you make and where is your property located? Thnx

Airbnb may not be legal in your area for your investment property. Find out if your rental is zoned in area where they allow Airbnb.

Short term rentals should generate far more cashflow. But they require far more effort to execute. Plus there’s also furnishing costs to calculate.

It all comes down to your goals.

12 month lease tenant

Airbnb is legal. Just a 200$/year fee to local city. Wanted to rent the unit furnished also so no sweat on the furniture. Seems like it’s really just a matter of willingness to sweat the work and stress

Related Posts

Any Capgemini H1B US employees here…
What is the standard procedure to resign? The recommended notice period is 2 weeks but any indirect penalty if you don’t do so?
Capgemini

like

Anyone else have a formatting pet peeve and get annoyed when people don’t have a blank first column and row in tabs? I.e headers/data in cell A1

My first manager told me this, and I’ve followed it to a T since.

likesmart

Any recommendations on transition to M&A? Have ACA, audit bg, currently in strategy consulting

What are some of the perks offered by morgan stanley?
TIA

like

Team is already talking about eating hours. My utilization is down cause I was in unassigned for a month in Dec/Jan. What's worse pissing off the partner or having a low utilization? -staff 1

like

Have a client w over a million in IRAs and NQ account. Invested in a combo of ETFs and dividend paying stocks. Now bitching abt performance. Should I stick to my strategy or offer alt to placate him?

like

If you work at a FAANG company, have you experienced workplace discrimination?

like

Anyone works in Financial Consulting Gaming and Hospitality? What is it? Do you like it?

like

What's the best finance textbook to use to learn corporate finance on your own?

like

Time to host a Telugu consultant meet up ? Who is in ? Chicago..

likefunny

Any ladies up for a drink this weekend?. Have the next 5 days off from work. 33 M

like

I have received offer from DXC , can you please provide feedback on this company's working env...

like

What are placement levels like at Top MBA programs from PE Ops? Is it more in line with MBB or would a two year stint in PE ops boost your application significantly

like

What does QRMTE - expectations not met signify? How does it affect?

I just moved to the city. Any dating do’s and don’ts? I’m not American and not sure if there are cultural things I should avoid

like

Don Jr teases possible 2024 presidential run that will 'make the lib heads explode'

Who'd you like to see run against this drug addict?

Post Photo
funnyuplifting

Shall we start curating a list of comp/bonus?
Saw the main bowl which has this list but few data points for Europe & UK.
Would be good to know what the pay is currently due to the hot market & new joiners with great comp?

like

Within Salesforce, @Quip, Slack, Tableau Software how often are there leadership changes at the VP or above level? Is this an annual thing? X years after acquisition?

likesmart

Anyone works/heard of DMV Group? Mind if i shoot some questions about them?

Any new joiners? Wanted to know the pay range for Sr.Analyst currently novartis is offering.

like

Additional Posts in Personal Investment Chatter

Hi everyone! I’m a young professional right out of college getting into investing and personal finance management. Trying to better understand and educate myself on personal finance and investment strategies. Can someone recommend some recourses (books, podcasts, experts to follow, etc.) where it’s clearly explained for beginners? Trying to make sense of 401Ks, Roth IRAs, emergency funds etc.
Like I’m looking for someone like Dave Ramsey but for investment and money management advice.

like

I’d like some independent views please, on a financial decision my wife and I are about to make. We’re looking to buy our first/dream home and the property is valued at $1.25m. We have savings of $250k and our HHI is c$350k, with no debt. We will probably exhaust our savings on the deposit and closing costs. A $1m with mortgage at 6% with property taxes is c$8k/month. We net about $14k, we think it’s just about manageable, however keen to get your views please? More context in comment below.

likeupliftinghelpful

How do you choose 529 college plans. Currently in MD but will move to TX or GA in next couple of years. Any plans that avoids locking into specific state and allow to use funds for private or public colleges.

like

I have a 401k and money in index funds, what would be the benefits of also having a Roth IRA?

like

The market is down. Are you buying anything today?

like

Where are my swing traders at??

like

People selling risky assets at the lows just to pile into safe heavens that barely appreciate seems like an logical investment strategy. Please stop. Invest in broad indexes and throw away the keys. If anything buy more as everyone sells. This is not rocket science, but as we know investing in difficult times brings out animal spirits. And animals are dumb…Good luck all

smart

Would you cash out refi a rental property to buy another rental property?

like

Want to buy a house in bay area? Is this a good time? Thoughts?

like

What are the best investment books or authors for beginners? What are the best podcasts, YouTube channels or bloggers to follow? What are your favorite stock trading platforms? And if you finally have six figures cash ready to invest, what's the best place to start? Which broker / financial advisor would you recommend? This is only for 3-5 years to ultimately buy a decent home for my family.

I'm clearly a dummy so any help is greatly appreciated.

like

Advice appreciated: I want to sublease my apartment so that I can rent elsewhere and pay less. I had to move in a short amount of time and it was during the period where there was a high demand for housing, & leases everywhere were expensive so I signed what I thought was fairly cheap in comparison to what was out there. However I found something this month that will cut costs by 30%. How do I go about finding someone to sublease my place?

like

Wohooo if you kept it for 3 more days you could have made 35k !!!! Wohooo !!!

Post Photo
likefunny

A very privileged question, but do any of you expect significant inheritance? And if so, how has that affected your retirement planning?

like

Anyone have experience using John Hancock as a 401k provider?

like
likehelpful

Can someone explain to me how it monetarily helps me to split my home mortgage into half and pay half on 1st and half on the 15th? So if my payment is 4K, I pay 2k July 1 and 2k July 15

like

I've been allocating 100% of my Roth IRA funds to Vanguards target retirement fund 20XX. Should I keep doing this or do I need to start getting into VTI/VOO/VTSAX as everyone in this bowl is so fond of?

like

Lot of fear in the market right now (understandably so). The situation in Ukraine is awful and the potential consequences are scary to think about.

There are some who want to sell in fear of their investments falling further. Do not do this. Hold and continue to buy more. Continue your 401k contributions, and add whatever you can afford after every paycheck into your brokerage. Those who sold the covid crash were often late buying back in.

This is the dip you're worried about.

Post Photo
likehelpful

What does your NW breakdown look like ? In my case it is as follows
Home equity: 15%
Investments Stocks/ETFs : 25%
Retirement account: 30 %
Cash: 30%

like

Investing newbie here trying to invest my hsa. Debating if I should do 100% on something like viix for simplicity or if I should diversify? If diversifying, what’s a recommended approach? Perhaps 2-4 funds? Many thanks for the help.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal