Ep 51: Can an Airbnb be Profitable in the Age of COVID? Plus, What Elevators a Hundred Years Ago Can Teach Us...
Uplevel: Make Money with Airbnb, Short-Term Rentals, Real Estate Investing, Passive Income Strategies
English - December 01, 2020 16:27 - 12 minutes - 10.5 MB - ★★★★★ - 3 ratingsEntrepreneurship Business Marketing financialfreedomstrategy howtomakemoneywithairbnb passiveincomestrategies shorttermrentals timefreedom Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
If you've been considering Airbnb as a potential next revenue stream, I'm sure you've asked this question... "Can an Airbnb be profitable in the age of COVID?"
In this episode, I reveal what type of property is doing well despite the pandemic, how the overall short-term rental industry is performing, and I reveal the biggest lesson elevators a hundred years ago can teach us in this moment...
As with any venture, there can be risk
But being a savvy business owner (and I wold consider you take that mental approach even if you’re “just” renting out a room in your home)
- look for ways to mitigate the risk
As with any venture, there can be risk. (And to be clear, this is not financial advice. This episode, and all I share, is for your information only.)
Being a savvy business owner (and I wold consider you take that mental approach even if you’re “just” renting out a room in your home).
It's still important to look for ways to:
1. Look for ways to mitigate the risk
2. And, to do what you can to stack the odds in your favor
Articles mentioned in this episode:
https://www.nytimes.com/2020/09/24/travel/airbnb-pandemic.html
https://www.airbnb.com/d/enhancedclean
And if you’re curious about how much you could potentially earn with an Airbnb in your area, I can send you a free and pretty powerful tool to help you estimate…
Visit GinnyTownsend.com/estimate to claim access to this powerful free tool!