Niche: Investers Capitalizing on AirBnB
Here’s a niche angle to explore.
Help investors aiming to capitalize on the marketplace AirBnB has built.
Jon Wheatly bought an apartment with the sole goal to rent it out using AirBnB (via USV).
It’ll take him 4 years to pay for the $40,000 (+$10,000 in improvements) he spent for the Las Vegas apartment.
Do the math to find the areas where this scenario works. Find the other people like Jon who wish to put their money into these types of deals, and be the sharing economy agent.
Note: remember, AirBnB is a real estate play. Not a travel play. At least according to Marc Andreessen.
Elise Groves
Posted at 09:20h, 02 NovemberThis sounds so good on the surface, Drew. But before people really invest like this they better do their due diligence and make sure that they are legal to do this. For example, I know that ‘vacation rentals’, which AirBnB is just another cooler version of, are not allowed in certain areas and cities of our beautiful northern California wine country (Sonoma & Napa Counties) anymore, or at least are severely restricted.
I would imagine that HOAs might also have issues with this concept. So just be careful before investing for this purpose.
Drew Meyers
Posted at 13:24h, 02 NovemberI don’t see anything wrong with agents helping investors who have already decided upon taking this approach.