>I have made that on a single property (short term vacation rentals)
Not going to make assumptions about your specific case, but many people using AirBnB are breaking the law and/or are vastly under-insured to be renting out property short-term. One lawsuit or accident and any "profits" (and much more) will be wiped out.
Real-estate is an old, mature business. There's no magic in how to make money in it, nor are their outsized benefits.
Yea, I've been doing this long before AirBnB existed, and actually I've never registered one of my properties with them.
In my state we have to pay monthly sales tax on rentals less than 6 months along with a number of other basic rules too (including insurance). But none of them are hard to follow, AirBnB violates them constantly however.
Making good money on vacation rentals in beachfront towns is very doable. We used to be able to buy cheap properties and rent them for $1-2k/week for vacation rentals, and they'd stay busy most of the year, meaning after expenses it was pretty easy to clear $2k if you bought right. Now that is not so easy given the cost of real-estate even with capital being fairly cheap.
Not going to make assumptions about your specific case, but many people using AirBnB are breaking the law and/or are vastly under-insured to be renting out property short-term. One lawsuit or accident and any "profits" (and much more) will be wiped out.
Real-estate is an old, mature business. There's no magic in how to make money in it, nor are their outsized benefits.