Been toying with the idea of buying acreage land for a while now.... and been thinking it would be cool to setup a couple private cabins to rent out on Airbnb. Is that a thing? Or is that mostly just for hotels and stuff? Or is there a better site to put it on? Essentially I'd want some kind of management company to handle all the booking and all that so that's why Airbnb comes to mind.
Anyone ever use that service as a host, how does it work, is there any gotchas? It seems like a great way to make money without having to manage all the tedious stuff, but wondering if there's any catches, like if they require any kind of licensing or business insurance, or other weird stuff like that? If I buy this land I have in mind I have over 100 acres to play with and it's in an area that does not require building permits, so I could setup a pretty skookum campground without worrying about all the red tape and make it as a getaway spot to go camping. I don't know how much money I'd truly make as I don't expect something like that to book solid or anything, but even if I get a couple rentals here and there it would be extra money for rather low effort. It seems too easy though so I assume there is some kind of catch or everyone would be doing it. Or is there? Anyone more familiar with this sort of thing and is there anything I might be missing?
I suppose it does come with risks too, such as getting really terrible renters, like someone that decides to start a forest fire or burns the whole place down or something. I guess that's where insurance would come in but it would probably fall under business use and be crazy expensive. I guess that might be the catch and why nobody does this?
Anyone ever use that service as a host, how does it work, is there any gotchas? It seems like a great way to make money without having to manage all the tedious stuff, but wondering if there's any catches, like if they require any kind of licensing or business insurance, or other weird stuff like that? If I buy this land I have in mind I have over 100 acres to play with and it's in an area that does not require building permits, so I could setup a pretty skookum campground without worrying about all the red tape and make it as a getaway spot to go camping. I don't know how much money I'd truly make as I don't expect something like that to book solid or anything, but even if I get a couple rentals here and there it would be extra money for rather low effort. It seems too easy though so I assume there is some kind of catch or everyone would be doing it. Or is there? Anyone more familiar with this sort of thing and is there anything I might be missing?
I suppose it does come with risks too, such as getting really terrible renters, like someone that decides to start a forest fire or burns the whole place down or something. I guess that's where insurance would come in but it would probably fall under business use and be crazy expensive. I guess that might be the catch and why nobody does this?
