The truth about short-term rentals and their investment downfalls.
Are Airbnbs the next Beanie Babies? 30 years ago, Beanie Babies arrived on the scene and they were the next big deal. People were so excited and expected to make so much money from them. Some people thought they could use them to pay for their kids’ college funds. Unfortunately, those dreams didn’t come true.
30 years later, Airbnbs and short-term rentals were expected to be the next big thing, so people were investing in them like crazy. However, Airbnb bookings in San Antonio are down 47%. There are a lot of contributing factors, but some of the key ones are the oversaturated market and people realizing how much work was involved. Then the hotel industry started marketing against them.
If you got stuck in this trap or know someone who did, reach out to us. We can show you a few options that will help you stop pouring too much money and time into short-term rentals, so call or email us anytime. We look forward to hearing from you.