The common misconception

for many is that operating a vacation or corporate rental independently is a passive income stream. By passive, I mean the kind where money rolls in effortlessly without you lifting a finger once the property is purchased and the listing is set up.

Instead, the reality is that it is actually an active income source, much like your regular job, but without a strict 9-5 schedule. Anyone can open their home and list on Airbnb, VRBO, Booking.com, Tripadvisor, or sites of the similar like, but those that actually earn a lucrative and profitable income and have their calendars booked months in advance, are those that commit to offering:

• High standard of hospitality

• Clear and fast communication

• Efficient operational system

• Earn the trust and return business of their guests. 

What is the tradeoff to achieve that success though?

Well, it’s time. Time that is taken away from family moments, your work, important meetings, and personal hobbies.