If you have a large house, empty apartment, or additional properties, you might be a candidate to host an Airbnb. However, to do it right and make a profit, it will take an investment of time.
But what kind of investment does it take? And can you make a profit renting out your place?
Know Your Local Regulations
Before you even consider hosting an Airbnb, know your city’s regulations. Each municipality is different. And some have stringent rules with high fines if you break them.
For example, in Charleston, South Carolina, an Airbnb must be registered with the city and the owner must declare their home as their primary residence. In addition, the short-term accommodations must be an accessory unit. In other words, the main house cannot be leased as a short-term rental….