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🔑 Airbnb House Rules Template 👉 https://t.ly/C7G3l
🔑 16 Page Guide to Acquiring The Right Property For STR Returns 👉 https://t.ly/Ok_Cc
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Housekeeping Agreement Template 👉 https://docs.google.com/document/d/13sMkLM3KVU6fZg8BAPRlmtT-U52NIp9N/
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If you’re looking to buy an existing short-term rental, it’s essential to understand that it’s not as simple as transferring ownership. There are several critical steps involved in making sure the property you’re purchasing will continue to perform well.
This episode will walk you through the financial due diligence process, how to handle existing reservations and Airbnb reviews, and the potential challenges of dealing with third-party STR management. Whether you’re a seasoned real estate investor or just starting your Airbnb business, these tips will guide you through the complexities of buying a property that’s already operating as a short-term rental.
One of the most important aspects of this process is ensuring that the financials of the property are accurate. It’s not enough to rely on the seller’s numbers—you’ll need to verify the income with actual bank statements and use tools like AirDNA, PriceLabs, or STR Insights to get accurate estimates of the property’s revenue potential.
But beyond finances, there’s also the question of what’s included in the purchase. Are the photos, furniture, and even the Airbnb account being transferred? If not, you’ll need a plan for how to manage existing bookings and recreate the property’s online presence. We’ll dive into these details so you can avoid the pitfalls that come with buying an existing short-term rental.
Episode highlights:
0:00 – Intro
0:38 – Financial Due Diligence
6:12 – What’s Included (Discussion on furniture, photos, and what to check for in a purchase agreement.)
10:25 – Airbnb Account Transfer
15:02 – Managing Existing Reservations
19:40 – STR Management Tips
22:00 – Outro
I hope this episode has provided some clarity on the process of buying an existing short-term rental. There’s a lot to consider, but if you take these steps, you’ll ensure a smooth transition and protect your investment. Whether you’re handling Airbnb reviews, existing reservations, or setting up new listings, the key is to stay organized and informed.
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#airbnb
#airbnbhostingtips
#buyingrealestate
#buying
#rentalproperty
#realestateinvesting
#shorttermrentals
