Should You Own An Airbnb for Retirement Income?
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 6 September 2022
⏱️ 64 minutes
🧾️ Download transcript
Summary
Airbnb has revolutionized the lodging industry. Today the value of Airbnb is only slightly less than Marriot, Hilton, and Intercontinental PUT TOGETHER!
Should you stake your claim in the nightly rental gold rush?
Joining us today is a very special guest. Karen Carroll is an experienced host with more than 12 years of working with the major nightly rental platforms.
We'll dive into:
- Why she chose short-term vs. long-term rental
- How to manage a property
- How to identify the right property
- And most importantly...what revenue is possible?
See Karen's listings at https://www.airbnb.com/users/63088703/listings
Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms.
Contact Devin's team at https://www.carrolladvisory.com/
Contact John's team at https://www.rossandshoalmire.com/
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The Big Picture Retirement Show does not provide tax, legal, or financial advice. |
| 0:04.3 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:11.1 | Hey, everyone. |
| 0:12.1 | Welcome to The Big Picture Retirement Show. |
| 0:14.1 | I'm your host, Evan. |
| 0:15.1 | Join today by John Ross. |
| 0:17.3 | Howdy. |
| 0:21.3 | So, John, you travel quite a bit. You speak at different conferences. There's other things that |
| 0:26.4 | takes you out of town. Do you typically always stay in a hotel or do you occasionally do an Airbnb? |
| 0:34.1 | I will say it's probably a mix. If I'm going by myself or maybe if it's just my wife and I, |
| 0:40.8 | a lot of times we do the hotel thing, maybe the fancy hotel, you know, that's got the nice |
| 0:46.8 | restaurant and the, you know, and the spa services. We know, we might do something like that. |
| 0:51.5 | But a lot of times, like if we're going to, we're going to see our |
| 0:56.9 | kid at college, you know, a lot of times the hotel doesn't really work as well because it's |
| 1:05.6 | not like we can hang out in our kids' dorm room, right? Right. And hanging out in a hotel room doesn't work all that well either. |
| 1:14.6 | So renting a, you know, doing an Airbnb or VRBO or something like that and having a, |
| 1:21.6 | having like a little two bedroom apartment. |
| 1:24.6 | Right. |
| 1:25.6 | Where we could cook a meal and we've got a couch and we can all come over |
| 1:28.9 | and hang out and we've got a place, right? That works a lot better. Also family stuff. I think I may |
| 1:37.2 | have even mentioned it long ago on a podcast, but I don't like to do the traditional Christmas |
| 1:41.5 | of everybody gets some stupid gifts. I'd rather go do some things. |
... |
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