These Hidden Costs will CRUSH Your Airbnb Business
Summary
The Real Estate Robinsons discuss the importance of accounting for both obvious and hidden costs when starting and running an Airbnb business. They highlight the common expenses such as mortgage payments, taxes, utilities, and cleaning fees, and dive into less obvious costs such as regulations, furnishings, maintenance, marketing, management fees, licensing, insurance, and other unpredictable expenses. They emphasize that failure to account for these hidden costs can impact the profitability of the business.
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