3.5/5
I’m interested into real estate investing, and so it’s essential for me to be acknowledged by all the fields there are, and service accommodation/Airbnb was an important domain I wanted to learn more about.
The book did in all fairness add to my knowledge, I got a deeper understanding of Airbnb, and I learnt new things. However, in essence, the new insight I acquired was still lacking to the extent I was hoping for. Many ideas and concerns I had in my mind weren’t addressed properly or even at all, and I’m certainly not a fan of the poor writing style of the book.
The main question to be asked is whether Airbnb is scalable, for example, there are more than 300+ properties listed in London, and if you’re going to go into a model of rent-to-rent, it’s very hard to profit significantly 500£ every month, which would mean you need ten properties that are performing well in all this competition to only make 60,000£. Taking into consideration the risks of renting for six to twelve months on a lease, and the capital required to furnish the listing, it’s not worth to make it a complete business model. I can contemplate maybe for a landlord that has a few properties and is willing to take the risk and put some properties on Airbnb to be able to increase his yield, but otherwise I’m not convinced.
Would I recommend the book? It’s more of a question of “is there any book out there with better insight?”, and I’m not entirely sure, I came across books of this sort that were utterly futile. So there might be worse, and there might be better, buying the book as a first book will surely help even if only mildly.