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Matt Campoli: How to Profit $40k/Year with Airbnb Rentals
Manage episode 340505981 series 3362360
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One of the real estate investment strategies that has captured my interest as of late, is short-term Airbnb rentals.
The idea of very high cash flow potential in high-demand areas is something I wanted to dive into further.
I spoke with Matthew Campoli, a real estate investor and realtor in the Toronto area. Besides helping clients purchase Airbnb rentals and other investments, he also owns rental properties himself.
One of his Airbnb rentals in Toronto is on track to cash flow about $40k (that is net profit after all expenses)! We dived into this in detail, of course.
Matt also has an Airbnb property he recently purchased in Miami, which he projects will gross $100k in revenue. We discussed how Canadians can invest in Airbnb properties in the US.
We covered quite a bit of very useful information about Airbnb rentals, including:
- Reasons why airbnb rentals are advantageous compared to other real estate investments
- How to consider choosing locations for your airbnb rental
- Specific Airbnb regulations in the city of Toronto and other areas that investors need to be aware of
- The seasonal nature of Airbnb rentals in Toronto (summer peaks vs winter lows)
- Areas in Canada that are in high-demand all year long
- The creativity and marketing that goes into Airbnb rentals compared to traditional real estate investments
- The importance of using property management services for Airbnb rentals
- How to invest in Airbnb rentals in the US
Find Matt on Instagram: https://www.instagram.com/mattcampoli/?hl=en
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