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Joell is considering turning a rental property into an Airbnb. In this video, I'm sharing a few considerations for taking on a short-term rental.
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What to Consider Before Turning a Condo Into an Airbnb
The first thing I would suggest you do is speak with your homeowners association. Many HOAs will not allow you to do short-term rentals, so Iโd recommend making sure youโre allowed first.
Short-term rentals like Airbnb can be great if theyโre managed properly, but itโs a totally different strategy than long-term rentals. Here are some resources to check out: https://bit.ly/3MXMXuZ
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About Clayton Morris:
As a financial news host and real estate investor, Clayton Morris believes that everyone has the right and the ability to achieve financial freedom โ and works to help others to know how to do so. Clayton founded Morris Invest that builds portfolios for their clients and guides them through the buying process, ensuring cash-flowing investments. In his podcast, Investing in Real Estate with Clayton Morris, he offers specific and actionable ways to have financial security and to build a meaningful life. Clayton Morris co-hosts Morning Invest with his wife, Natali, bringing you news you wonโt hear on major networks.
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