WHY It's HARD To LAUNCH Your First Airbnb
Summary
Jorge Contreras emphasizes the challenges of launching the first Airbnb listing and the importance of taking action despite potential risks. He recommends starting small with studios or one-bedroom apartments, and focusing on progress over perfection to overcome analysis paralysis. He shares a personal story about an investment that initially broke even but led to substantial financial gains due to the experience gained.
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Experts in Cyprus warn that traditional housing isn't meeting the rising demand. This suggests a potential opportunity for short-term rentals to fill the gap in accommodation. The shift signals a potential growth in the STR market, necessitating adaptation from hosts.
New Airbnb hosts could earn up to $3,000 by opening their homes to tourists visiting for the World Cup. This opportunity highlights the potential for new hosts to capitalize on major events. Hosts should explore this lucrative market by taking advantage of the increased demand during the World Cup.
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Curated by Learn STR by GoStudioM