Why Airbnb is the Best Passive Income

Airbnb has successfully disrupted the real estate rental market, and the benefits have tipped the scale in favor of passive income potential. Now, anyone with livable space can generate extra income with very little extra time and effort. Of course, Airbnb rentals aren’t 100% automatic; some property owner participation is necessary. However, with the added convenience of a Scottsdale, AZ Airbnb property manager, you can get as close as possible to a completely hands-off landlord experience. Here are some reasons why Airbnb is the best passive income stream right now.

Higher Revenue Potential

Airbnb properties tend to generate higher rental incomes than their traditional long-term rental counterparts. Property owners can charge higher rates, especially if the property is located in desirable locations and during peak travel dates.

Pricing Flexibility

Airbnb doesn’t control the rates that are charged for rentals; that’s entirely in the hands of the property owners. The platform allows for a range of flexibility, empowering owners to change rates temporarily (i.e., over a weekend event), charge more for multiple tenants (from two people and upward), and even to offer special rates or discounts for any reason.

Flexibility With Availability

Dates and times can be blocked out for times when the property owner may not want to make the property available for rental, for any reason. This is especially convenient if the property is the owner’s seasonal or temporary residence when they’re in town, or if they want to offer the property free of charge to visiting friends or family members.

Owner Control

All settings can be controlled in an instant, right from the host’s Airbnb platform dashboard. New settings can be applied instantly, saving the owner even more time and supporting a passive income experience.

Property Management Fills the Gaps

For a fully passive income experience, add the Airbnb property management of Sojourn Properties, serving Scottsdale, AZ and surrounding areas. At Sojourn, we handle important aspects of your Airbnb rental, freeing you from the time-consuming tasks commonly associated with property rental ownership.

Contact Sojourn Properties for your Airbnb and short-term rentals in and around Scottsdale, AZ. Our full-service staff is ready to take the reigns so you can better enjoy the best passive income stream possible from your rental property.