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Benefits Of Buying an Airbnb Property?

Many people contemplate buying an Airbnb property and start researching the best ways to go about it. Luckily you’ve come across AirDeed, which is the largest STR Airbnb marketplace. This makes locating an established Airbnb near your preferred destination a breeze. Review the 5 top reasons to purchase an established rental home below.

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So why buy an established home?

  • 1. The top benefit of buying a home with established rentals through Airbnb or VRBO is that they already have a presence on those home-sharing platforms. Essentially you aren't just buying the property, you are buying the potential bookings. Now all book would have to be rebooked but you have a higher chance to keep all current bookings. From there you just have to keep the standards as high or higher and your set.
  • 2. Already having third-party contractors like cleaners and possibly management in place is one less task. If the reviews show that the cleaners are doing a good job, you don't need to make any changes.
  • 3. If you're getting financing for your Airbnb, it'll be easier with an established revenue from previous years to show the lender the investment is solid. This could help lower your interest rate, downpayment and get the loan faster than a new short-term rental.
  • 4. When buying an established rental home, you get the property furnished and decorated from day one. You don't need to spend additional funds on buying furniture. When buying make sure this is on the purchase contract, the last thing you want is to buy the home and have rentals booked without furniture.
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