Part 3/7:
The discussion turns towards our decision to pursue Airbnb as an investment strategy. Despite possessing two long-term rental properties, we felt a short-term rental could yield higher profits. While we initially believed Airbnb could net us around $1,000 a month, the reality of fees has altered those expectations. Still, Las Vegas presents a unique opportunity given its tourist market.
Challenges with Regulations
Navigating the regulations as we set up our Airbnb has proved challenging. Las Vegas is in the process of laying out a clear framework for short-term rental licenses. Understanding this landscape is essential as we choose a property outside the city limits to avoid restrictions that might stifle our potential profits.