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How to Start a Short-Term Rental Business in 5 Steps

BiggerPockets

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Investing in Short-Term Rental Properties: A Beginner’s Guide & How to Get Started:

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This is how to start an Airbnb business or short-term rental business in five steps from an expert vacation rental investor. Even if you’re just getting started and looking into your first property, whether you’ll buy it yourself or do rental arbitrage (subleasing out a short-term rental), you can use these five steps to start on your journey and begin building wealth and a new income stream through vacation rental investing.

We’re going over market research—where to invest and what type of property will make the most in your market—as well as how to know how much you can afford BEFORE you start shopping for properties, choosing a property, prepping it with the right amenities and furnishings, and getting your listing live. Plus, how to make your property management a breeze by building a “management plan” that’ll help you reduce hosting (and guest) headaches.

00:00 Start a Short-Term Rental Business

01:03 1. Know What You Can Afford

02:17 2. Research Markets

03:33 3. Picking a Property

05:17 Sponsor: Avail!

05:47 4. Furnishings, Amenities, and Listings

06:51 5. Build Your "Management Plan"

How to Start a Short-Term Rental Business in 5 Steps | Knoovi