Thinking of opening an Airbnb as a passive income source
I am 27(M) pissed off in this boring corporate IT world and thinking to bring some anxiety and excitement in life. I am looking to start an Airbnb business by renting an apartment.
Places shortlisted according to priority:
- Vrindavan
- Noida : this is where i live and i cant relocate rn.
- GGN
I have an initial budget of 3-4L but i am looking for some advice before entering this hospitality segment.
Is Airbnb is not a good business to invest in, specially in my shortlisted cities?
What % of investment can we expect keeping in mind that i need to give rent each month from it?
If i give an automated checkin checkout process and keep an assistant who will take care of the cleaning process, is it worth jumping into this business then?
Any other general advice?
u/Hostilityat69 — 2 days ago