[ ] Tools: Look into automation to save time and effort (smart locks, thermostats, noise sensors, security cameras, vacation rental software)
- [ ] TODO: See links below
- [ ] See —> https://www.notion.so/subtlere/Smart-Locks-8ba177c16123425995a3dd4c5fc6659b
[ ] Figure out if you want pets:
- [ ] If you do how much you charge
- [ ] If you don’t see:
  
  Pet Handling

Example Airbnb Printout (laminate it) (2)

Pro

Higher cash flow

Make use of unused space or vacation homes

Furnished 30 day+ rentals avoids issues with laws and taxes

Opportunity for rental arbitrage

Interior design/decorating to stand out

Con

Higher taxes

Unfavorable laws and HOA limitations

More vacancies

Harder/more expensive to manage

More damage to homes

Income seasonal / less predictable

Requires furnishing and linens

High-touch management if self-operating

Higher PM fee if working with property management

Difficulty in getting lending

Management

Pricing (2)

Amenities (2)

Calendar Syncing (Avoid Double Booking) (2)

Taxes (2)

Monitoring (2)

Should I lease (arbitrage) or buy an Airbnb?

<aside> 📺 Airbnb Arbitrage = Glorified Maid

</aside>

Inability to Capture Appreciation

Leasing does not allow business owners to capture any increase in value in a property.

As a general rule, real estate appreciates in value over time. One can assume that a well-maintained office building will be worth more in thirty years than it is today.

A business that operates out of a leased office will not see a benefit if the value of their office building appreciates.
Inability to Grow Equity

Leasing does not allow business owners to grow their equity in the property.

When a business owner pays their lease payment, they're paying their rent and nothing else. Their lease payment does not go towards the property's mortgage payment; it goes straight to their property's owner.

On the other hand, a property owner with a mortgage gains equity with each mortgage payment as they pay off their principal.

A business that leases is unable to grow equity in this regard.
Lack of Control

Leasing gives business owners less control.

A business that owns its commercial real estate is also its own landlord. They get to be the boss of their property!

A business that leases its workspace has to answer to its landlord and potential neighboring tenants. While neighboring tenants might be a great resource (and new friends!), this tenant relationship gives a business less control than if they owned their commercial real estate.
Smaller Tax Advantages

Leasing gives business owners fewer tax advantages.

As we discussed earlier in this chapter, purchasing commercial real estate gives a business a lot of tax advantages.

While a tenant can deduct some business expenses, the tax advantages for owning a building are much more substantial.

Subtle Asian Real Estate STR Exchange

https://docs.google.com/spreadsheets/d/1d_3OSfth21tSn29sfVnoW2qzDwIWdoUWx0gZVRZMd1s/edit?fbclid=IwAR3OzDyEOu6DYiXxAa1-cEcdgJB-Ajah7WSw338qx3TA1V-3pfO8SXG1k1w#gid=0

You should be spending less than 5 hours on your Airbnb. If this is not the case, there is ALOT of room for optimization.