When you think about Airbnb, what comes to mind? Pictures of joyful holidays, stunning flats, traveling the world, or perhaps even your own last Airbnb experience. But that's all from a traveler's perspective. What about the perspective of hosts, property owners, real estate investors and the people who already own a rental property or are planning to buy one in the future?
Regardless of whether you are looking to rent out an existing property via Airbnb for some passive income, or are looking to enter the local or overseas property market, your Airbnb investment can bring you great returns.
So the question on your mind might well be: Is investing in Airbnb a smart idea? And if so, which is better, renting out a property you already own or buying popular real estate to get the best return on your Airbnb listing?
The location in which you want to operate Airbnb is a key factor in being successful in this market. There are some locations that are the best for Airbnb investments, but others can be quite challenging. In this article, we will show you all the countries you should avoid when investing in Airbnb.
China being a country with a large population, great tourist attraction and a large geographical area would be an excellent place for airbing. Unfortunately the government banned this practice
Airbnb formally launched its business in Mainland China in 2016, with the hopes to grab a market share in one of the largest consumer markets in the world. But unfortunately, after a few years of mounting competition, and low profits, Airbnb will close all its China-based services including all the rental listings and experience. The company will still maintain a presence in China for its outbound services.
New York, United States
The Big Apple is no fan of Airbnb. It's no wonder that finding a place to stay in New York City is getting harder and costlier. The real estate market has become impossible to navigate for individuals and potential homeowners as more real estate investors buy properties to rent out on Airbnb.
All of this has led to the State of New York passing a law in 2017 that makes it illegal to list an entire property that is unoccupied for less than 30 days. In addition, starting in 2023, owners of short-term rental properties in New York City will be required to register with the city and obtain a short-term rental registration number.
With Thailand full of tourists, you might be surprised to see it on this list. But yes, Airbnb is of course illegal in Thailand.
So how is it that there are so many Thai listings on Airbnb? In Thailand, hosts need to be licensed if they accept tenants who want to rent their property for less than 30 days.
Most hosts don't bother and continue to receive guests through Airbnb anyway.
It's still not legal and hosts are constantly running the risk of getting caught. As we believe in doing things 100% legally, we would not recommend this approach to potential investors.
So, if you are interested in finding out more about real estate program and its opportunities to develop business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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