How to Manage Risk When Building an Airbnb Portfolio

Summary

Richard Fertig of STR University discusses the importance of diversification in a short-term rental portfolio to mitigate risk, emphasizing that hosts shouldn't put all their eggs in one basket by concentrating their properties in a single location, type, or style. He suggests diversifying across location (urban vs. rural, domestic vs. international), property type (rental vs. owned), and size (studio vs. larger homes) to protect against unforeseen events like regulation changes or natural disasters.