It is nearly summer and the influx of tourists is about to descend on Los Angeles, not that such a beautiful area needs to have a designated tourist season. The climate of vacation travel is changing extremely fast in the digital age and booking a place to stay seems to be almost exclusively done online. The phenomenon of sites such as Airbnb have created markets in places that previously were only in the realm of hotel developers and campgrounds. What better time to consider investment property?
The Easiest Option
If you think about it, sites like Airbnb allow the landlords to charge whatever they want and in this area it is generally well north of 100 dollars a night. Now it may be risky in the infancy of this lodging revolution but a very profitable investment opportunity could be lurking just down the street! These sites handle all of the bookings for you and it is simply up to you to provide the house/apartment/condo. I even heard some guy tried to rent out his van by the river.
Investment Opportunities Abound
Investment property of this nature is never a bad idea in Los Angeles, simply due to the fact that we receive thousands of visitors a year. Even if the short term rental philosophy does not appeal to you, the market is exploding for rentals. Now is the time to invest. For the ideal listing in the desired areas, contact Alexis Hall and make your dream of being an investment property owner a reality!