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Here are five waysrenting out your home on Airbnb might cost you money.
When you trigger the numbers, youll want to considerevery possible expensethat could impact your bottom line.
What real estate costs do you have to factor in when listing your place on Airbnb?
Theres also no guarantee that youll make your money back.
Setting up a home for Airbnb can be costly and time-consuming.
You may spend extra money replacing appliances sooner due to wear and tear or paying fordeep cleaning services.
However, many other municipalities have unclear laws and rules about short-term listings.
For example, your condo corporation couldve banned Airbnb years ago, and you didnt realize it.
This means that you could be facinghefty legal billsif caught.
While you may think youre running a legal business, your home insurer could feel otherwise about this venture.
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