A loved one
claims he purchased
a house
as a business opportunity.
He plans
to turn it into
an Airbnb.
I walked through the place.
His claims
of it being a business
are
bullsh*t.
He plans to use it
as his personal
vacation property.
How did I know this?
Every renovation decision
was based on
his personal tastes.
He has a kitchen counter,
for example,
that needs to be cleaned
a very specific way
or
it will scratch.
All his textiles,
as another small example,
have to be treated
very, very gently.
That’s not rental friendly.
If you base decisions
on what YOU like,
not what your target market
likes or needs,
you have a hobby,
not a business.