by John Rubino
It seemed like such a good idea at the time. Airbnbs were the next wave in hospitality, taking market share from hotels and motels and backed by a tech network that made running a virtual bed and breakfast fun and easy.
So you borrow a bunch of money, buy a couple of houses, and put them in the system. At first it works. Your properties fill up, your reviews are great, and your projected cash flow is twice what you would receive for a long-term rental. You — along with thousands of others — are thinking “real estate empire.”