Why I Don't Do Short Term Rentals
Channel: Darren Voros
Date: 2023-08-22

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Have you ever considered diving into the world of Airbnb and short-term rentals? Before trying to double or even triple your rental income overnight you may want to fully understand some of the pitfalls. Now, don't get me wrong, there are certainly pros to this approach, but I believe the cons often outweigh the benefits.

Platforms like Airbnb have changed the game for many investors. Turning their rental properties into boutique hotels has been very lucrative for many investors but I’ve never jumped on board. Not because I don’t think it’s a viable option but more because I feel it’s a fad and as quickly as it’s come into play, it could just as easily be taken away. With that, here are the 5 reasons why I avoid short term rentals!

00:00. Intro
00:57. #1 - Regulations Are Always Changing
01:36. #2 - Furnishing Units Can Be Very Expensive
02:13. #3 - Mixing Short Term and Long Term Tenants
02:51. #4 - Wear & Tear On Your Unit
03:14. #5 - You're Now Running A Business

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****DISCLAIMER:
With any and all investing you should always obtain independent legal, taxation and financial advice from a licensed professional before investing any of your own money. 

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Darren Voros

Darren’s diverse skillset has taken him to many stages around the world. He has been featured as an on-air renovation expert on “The Goods” (CBC) and “CityLine” (CityTV). Darren was also the behind the scenes contractor on “Save My Reno” (HGTV) and “Game of Homes (W Network).
Darren is an accomplished real estate investor, trainer and coach. He controls a portfolio of properties worth just over $30,000,000 and has travelled across North America educating, inspiring and motivating audiences on the subject of real estate investing, financial independence and financial literacy. Darren’s willingness to give back prompted him to launch his YouTube channel in 2020 in order to have a wider reach in educating investors.