Getting into the Airbnb business is attractive. I mean, who wouldn't want to have the opportunity for a large cash flow every month? But with more rewards, comes more risk.
Let's talk about that. And then, what are the opportunities in Northeast Florida? Is the market already saturated? From oceanfront homes to quaint villas in Historic St. Augustine, there are so many options depending on the return you are looking for. If you are looking for something more hands on where you are running a business - or if you want to have a manager run it - this could net you larger returns.
This is a whole different ball game to long term rentals, as you really will be in the hospitality business with guests looking to vacation at your property. Are you prepared? Where are the key areas tourists want to be? How hands on do you want to be? Will you build a support team to help manage this? Let’s talk about it and what makes sense for you!
