Why do people own b and b’s?

[Anonymous]

Updates

1 y

How do you get into this business? Do you need some kinda license or degree or something?

[Daniela1982]

They do it to have someone to help pay for their vacation home for when they are not there and for a tax write-off. The problem is, you have to buy a house - unless you already own one in a popular vacation area - and also have to clean it and make any repairs. You have to keep it top notch so that you get good reviews, and make sure you know who you are renting it to because some jerk-offs may damage your place with a wild party, unbeknownst to you. Make sure you are well-insured in case something happens or someone gets hurt. All in all, is it really going to be worth it to have one?

https://www.youtube.com/embed/Vubc4TcGSYE

[HelpfulWoman]

its a money making thing.

depending on their own choices in it, people can rent for however long. most b and b's only go for short breaks (weekend-week max sort of thing) but for instance in the uk, some b and b's/hotels also align with their local council to offer temp housing to homeless people (a ex friend ended up in one when evicted)

[Asker]

So cheaper than a night stay in a hotel room or motel?

[HelpfulWoman]

not always

[exitseven]

I think that they buy a B&B in a vacation spot thinkin about how cool it would be to live there. If it is in ski country they thing that they will be skiing all the time or if it is on the ocean they think about all the time they will spend on the water.
The reality is that it is a lot of work maintain the property and taking care of the guests. It is way more than a 40 hour a week job. Married couples buy these things and then get divorced.

[exitseven]

Thanks for the MHO😎

[jamesgoldman]

Because they are good cash flow on a smaller space than a full scale hotel

[DrPepper12]

Good question. Not my idea of a retirement investment.

[Staximus]

To make bed bugs

[Staximus]

Haha stupid auto correct, it was supposed to say bum bucks

[Staximus]

But bed bugs might happen too

[Asker]

lol I came across an article last week.. some chick had bumps all over her from the hot tub she chillaxed in at some b and b

[Staximus]

Some people clean their bnbs very well and then others are terrible

[Flower7]

To make money, I’m guessing.

[Asker]

Do people rent it out for a week or day or live there?

[Flower7]

I think most live there and rent out spare bedrooms. Day-to-day rentals are more common than weekly.

[Anonymous]

Money

[seeyounexttuesday]

bed and breakfasts?