How To Rent Or Airbnb Your Home The Smart Way

By Natalie Campisi

WWR Article Summary (tl;dr) Before you consider becoming a landlord or Airbnb host you may want to consider a few important steps to limit liability. Those who have been there and made plenty of mistakes say, “put everything in writing, leave nothing to the imagination.”

On a corner lot, surrounded by lush live oaks and Florida-style bungalows, sits Jonathan Wilson’s first real estate investment: a 2,100-square-foot bone-colored duplex.

The area was a big draw for Wilson. Seminole Heights is part hipster and part historic, as one of Tampa’s oldest neighborhoods and home to local breweries, art galleries and yoga studios.

Some 2,400 miles due west in the Mojave Desert is a multi-colored spectacle, called “Rancho de Colores,” one of the most popular Airbnb listings in Joshua Tree, Calif.

The 1,500-square-foot, 3-bedroom house, painted in blazing reds, oranges and greens, stands out among the placid chestnut-colored playas of the desert. Popular among Pinterest and Instagram enthusiasts, it was conceived by artist Patrick Hasson.

Located on opposite coasts, in contrasting environments and rented out via different channels, these two properties share one important feature: they’re both part of a long-term personal investment strategy.

Wilson and Hasson each wanted a way to create security for themselves in a time when few employers offer pensions and most people must rely on their own savings to keep them afloat in their later years.

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