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- I Turned $20K in Fines Into $300K Profit ππΌ
I Turned $20K in Fines Into $300K Profit ππΌ
Summary
In 2023, Jesse purchased a property in Aptos, California, for $700,000, hoping to turn it into a successful Airbnb. He initially estimated renovation costs at $100,000, but they skyrocketed to $250,000. He warns against using a realtor who is also a contractor, as it led to unexpected expenses and challenges, while also acknowledging that every investor will likely encounter a shady agent or contractor at some point.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
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