Posted Mar 15, 2020, 11:33 PM
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Registered User
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Join Date: Oct 2006
Posts: 1,490
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Quote:
Originally Posted by lio45
The (small) part of my real estate portfolio that's run as Airbnb units has greatly increased its vacancy rate. Interesting to finally see one downside to it! So far it was only full of win (no Régie du Logement, no rent controls, no unpaid rent ever, no problem tenants you're stuck with, etc.) and I was going to expand this very successful experiment - the Airbnb units, 12 in total, all downtown, were almost always full - but now, I'm suddenly glad that most of my units are occupied by long-term tenants.
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Diversification is key, even in real estate tenants.
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