Condo for airbnb any good?

Banyang22

Member

Member since 29 March 2017

Dallas, Texas

Banyang22

29 March 2017 10:09:27

Banyang22

29 March 2017 10:09:27

Dallas, Texas

Has anyone here bought a condo and rented it out through airbnb before? If so, has it been a success? We are thinking of buying a vacation condo and renting it out during the times we are not there. We don't need to make much, but enough to pay for HOA/maintenance costs and maybe a bit for furniture depreciation. Also, do you know where I can find info on fault lines in Cebu City? I am looking at a 1 BR in Galleria or 2 BR in SRP (no ads pls). Which would you recommend to airbnb based on experience?

Lyngrace

Member

Member since 04 April 2017

Sentosa

Lyngrace

04 April 2017 01:30:40

Lyngrace

04 April 2017 01:30:40

Sentosa

Moderated by Bhavna 7 years ago
Reason : Please drop an advert in the housing section
We invite you to read the forum code of conduct

Princessyssaathena

Member

Member since 21 February 2018

Province of Cavite, Calabarzon

Princessyssaathena

21 February 2018 15:28:01

Princessyssaathena

21 February 2018 15:28:01

Province of Cavite, Calabarzon

Hi ive read you post your looking in cebu right? Y not here in manila?

pau9goody

New member

Member since 09 January 2015

pau9goody

09 March 2018 22:46:46

pau9goody

09 March 2018 22:46:46

Hi Banyang22,

I am from Cebu. Me and my wife initially started Airbnb a year ago, starting with our own fully-furnished studio unit in A.S. Fortuna. I can say that it only took us a short amount of time to enjoy the benefits of our earnings with Airbnb. Our income from Airbnb basically covers the HOA, maintenance and utilities. However, if you plan to be an Airbnb host, you have to do a lot of initial legwork from choosing a reasonable property in a prime location, designing your unit to add better user experience, setting up a team or outsourcing cleaners, handyman, broadband installation and etc. Let me give you a tip, some developers are very strict when it comes to Airbnb leasing by homeowners. You might want to consider that first before buying. Overall, considering the growing tourism industry here in Cebu plus the ongoing future city projects and the national government's policy of decentralization - I can say that property rental is alive here in Cebu.

Cheers!

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