Mark Kohler warns that Airbnb hosting isn't passive. You'll make late-night Home Depot runs, fix things on weekends, learn the algorithm, and stay hands-on for weeks. It's continuous work, not set-it-and-forget-it.
If you're thinking about getting into short-term rentals, ask yourself some hard questions. Do you like going to Home Depot on a Friday night? Do you like putting on a tool belt? Is doing a little manual labor on a rental property for the next 6 weeks on the weekends and evenings something you would enjoy? Number 2, are you willing to stay involved moving forward, learning how the Airbnb algorithm works, working with a property manager or managing it yourself, knowing that you're going to have to be involved on an ongoing basis after you put this thing online? This is not, again, a set it and forget it.
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