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1 JUL

Ever consider getting PAID for your pad?

Ever consider getting PAID for your pad?

You no longer have to be a hotelier to profit from the bustling local tourism in your area! In recent years, online booking platforms such as Airbnb and VRBO have not only enabled seasoned real estate investors, but novice property owners alike, to shift traditional lodging practices from standard hotel stays to cozy private homes; immersing travelers into local communities and experiences otherwise unknown by tourists and short term travelers.

Meet Ana Esposito of Echo Fine Properties! Ana is an expert at short term rentals and Airbnb style investment properties. As an experienced host herself with three of her own short-term rental properties, She can mentor buyers through the steps from considering the location of your investment, the type of property that is the best fit for your vision, guide you through short term rental restrictions, state and local tax requirements, and all things Airbnb.

Becoming a five-star host requires the acquisition of not only the physical property, but the know-how to efficiently manage a business that if managed well, can successfully put you on the path to (mostly) passive income with little to (almost) no effort!

Ana analyzes the local ‘stats’ and is knowledgeable about rates and charging a competitive price-per-night. Different communities have a wide range of HOA rules and restrictions, knowing what a community allows prior to purchase is key and Ana knows how to gather and present these details quickly and efficiently.

Don’t forget about Uncle Sam! You may be on the hook for local, city and state occupancy taxes as well as obtaining hospitality licenses. Managing safety protocol, acquiring adequate insurance, cleaning and check-in/out turnover can all cause major headaches if not expertly handled.

Hiring a professional like Ana can cut the stress out of the process and set your airbnb dreams free!

Posted in Open House Blog, Real Estate Tips on July 1, 2022 at 1:45 pm.

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