Ali Jamal is the owner and CEO of Stablegold Hospitality, a real estate investment company.
Airbnb first grabbed my attention during the 2010 Vancouver Winter Olympics. My two-bedroom condo — which I usually rented out for $1,200 per month — suddenly earned me more than $400 per night. While the world watched athletes tackle the ski slopes, I stared wide-eyed at the upward slope of my returns.
But it doesn’t take the Olympics to turn a handsome profit through Airbnb. Position yourself right and you will find your properties competing in the same market as high-end local hotels.
Read more Seven Strategies For Maximizing Your Airbnb Rental
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