Maybe it was the high school algebra teacher who evangelized the pros of investing in real estate. Maybe it was the low interest rates. Or maybe just the fervent desire to take control of something in those unmooring early days of the pandemic. Whatever the reason (most likely a cocktail of all three), I found myself in late 2020 planning on buying—and launching—a short-term rental, or Airbnb.
I analyzed the market, I researched city and state laws, I budgeted and created decorating mood boards, and I spent my commutes listening to podcasts from real estate investors. But still, there are some things you really only learn from experience—at least in my case. A year and a half into hosting, here’s what I wish I knew before launching an Airbnb, in case you’re considering doing the same.