Investing in an Airbnb property – what you need to know

LUKE HARRIS
Thinking about renting out a property on Airbnb? In this edited extract from his book, Property Fit, Luke Harris looks at the pros and cons of Airbnb as an investment strategy and outlines the key things you should know.

Most of us are familiar with Airbnb; most likely we’ve all either stayed in one ourselves or know someone who has. The main reason that this strategy is popular over a long-term rental strategy is that the returns can be higher.

You might have an Airbnb or short-stay property for a year or two and then switch it off. For many people, it’s not something they have to take that seriously because they’re only doing it for a bit of extra pocket money. People like to ‘give this one a go’ and see how it