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My brother bought a home in Normal Heights. It has a little 300 square foot apartment lofted over a laundry room. He's leaning towards renting it out with a traditional lease but it seems like an ideal AirBnB set up. I'm just not sure if the math makes sense.
Some questions:
What kind of occupancy rate do you get?
What are your overhead costs? Just a cleaning service or is there more to it than that?
If you have a small 1 bed 1 bath what's the going rate? I looked in the app and picked a few random dates and it seems pretty low.
Are there things I'm not considering that I should?
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- 5 years ago
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