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Depends on your market (eg cost of house, average nightly price, demand for vacation rentals). I’ve had an Airbnb house for 5 years and I’m about breakeven finally, cash flow wise. Im more banking on appreciation as the house is up about 20% and have a place by the beach that I can use/have it be a retirement place
agree with PWC1 here - I'm getting a property management company to do my out of state property. they charge 10% of rent each month, $100 fee to initially set up property, $800 to find tenants. i imagine this would be much more overall for the regular maintenance required by an Airbnb (although finder fee would be much less!)
Think this will depend a lot on location and home details.
doesn't make sense to do Airbnb where I have bought, but I rent out condos I own and the rental is enough to pay the mortgage plus $200-400 extra each month*, which is 10-20% profit for me each month.
also saves me a ton of effort on finding tenants, and as previous respondent is I'm waiting on the homes to appreciate a bit before selling.
*ignoring one-off maintenance costs, which are negligible in one condo and significant in another - looking to offload one in the next two years, guess which it is
I have a friend who does it. I think he writes a blog about it. It isn't hard.