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The Financial Benefits of using Airbnb

Today we are talking to the Lady Tradie Michelle Hargreaves, about her strategy to use her How-Nano Home as part of her strategy for financial freedom, by using it as an Airbnb property.

I’m a tradie, with a team of sub-contractors working with me. I work with local real estate agents who are helping vendors get their property ready for sale. I used to work in payroll tax and superannuation, but spent a lot of my time looking out the window, wishing I worked outdoors. Now I do.

My long-term plan is to create financial freedom. I want to move out of my role of supervising and managing others. I want to have the time and flexibility to look after my own well-being and health.

Part of my plan is to build positive cash flow. My partner and I have other properties, but they’re costing us money – with repayments and maintenance – How-Nano homes offer a different way of achieving a better return on our property investments.

Airbnb makes sense as an investment proposition. I’ve done a lot of research – attended numerous seminars – and Airbnb is a good way of achieving increased returns compared to renting.

My property in Maroubra – for example – is rented 80% of the time, and I’m achieving twice the rent that I would receive from a normal rent arrangement. In my line of work, I work with a number of property agents, and they have suggested Airbnb to me as a good rental option.

My ultimate plan is to be able to step up and away from my day job. I want the rents being paid on my investment properties to cover the cost of the properties.

I’ve also just bought a property in Bali, and I am looking into setting up an Airbnb or rental property there. I’d like to invest the return back into the local community -an orphanage, or helping the poor street dogs in Bali.

If you are interested in achieving financial freedom like Michelle get in touch with us for a chat!

 

 

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