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To Airbnb or not to Airbnb, this is the question. Part 5
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Airbnb wants you to be a 'host'. As the ancient Greeks said, 'Be aware of strangers bearing gifts'. In this episode, Mike and Mike discuss the pros and cons of short-term rentals and should you be putting all your eggs in the Airbnb basket. They also discuss hiring a consultant to guide you through the maze of short-term rentals. Yeah, kind of infomercial, but worth listening to.
4:05 Mike and Mike Ferrante discuss running your own Airbnb, as well as general tips and tricks.
7:22 Mike Reilly talks about Airbnb for short term rentals.
13:32 Mike Reilly discusses Airbnb, in light of the fact that it is competing with hotels.
14:51 Mike Reilly warns about scammers online, especially on Airbnb.
22:02 Mike Reilly discusses what he does to eliminate the potential of having any scammers.
25:01 Mike Reilly and Mike Ferrante discuss a good indicator of the quality of the neighborhood you're buying to set up your short-term rental.
29:20 Last note from Mike Reilly about short term rental damages versus long term rentals.
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