re: Airbnb/rental covid relief

quote:

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It is due to the government shutting everything down that the STRs are losing money. Not because of anything the owner did.

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Sounds like the owner in these cases didn’t have any plan for 1-2 months vacancy. Who buys a second property for rental purposes (whether it’s a STR or a yearly tenant), without factoring in a little vacancy? You want these people bailed out when the unit’s air conditioner breaks as well? There’s a myriad of costs beyond principle, taxes, interest and insurance that should be considered to determine if the numbers work.

An STR is inherently risky, especially if you aren’t putting much down. The income property movement has been so smooth for years now that people haven’t weighed the risks or considered their exit strategies