Tim Hubbard walks through how to stay legal when investing in short-term rentals. Check Airbnb's regulation section and contact your local authorities before you buy. One wrong move can tank your investment.
To make sure that you're getting into a good investment. The first step is just being proactive. If you haven't bought your short term rental yet, well, there's some really easy ways now to check if it's legal in the area where you plan on investing. And we have to do this. We have to be 100% certain that our short term rental can be operated as a short term rental. So where can we go? Well, Airbnb has provided a lot of good resources for this on their website. So if you go on Airbnb.com and you search for the city that there is a regulation section and you can look at your city's regulations. Now, they don't have regulations for the whole world, but it's a good starting place. They do have a lot of good information, but I wouldn't stop there. Right. This is a good first place to check to see if they have information already. The most prudent way to do this is to call the city, to call the county and make sure that there is a permit that you can get for your short term rental and that it's easy to get.
Airbnb profit insights to get your business ready for sale! #podcast #realestate
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