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Should you invest in an Airbnb property? There are three things you should know if you are considering this move. Is Airbnb a good investment? There are a lot of people researching this new investment opportunity. We have one person beta-testing a property in D.C. Virginia strictly as Airbnb rentals, so I’ll be able to give your more specific information about those investments in the next few months and tell you if that provides a good cash flow. 1. Location and zoning. Make sure that your Homeowners Association allows short-term rentals. If you have a condo in D.C., Maryland, or Virginia, most bylaws do not allow short-term rentals.

In fact, you have to have a lease of at least six to 12 months if you have a condo; you cannot do anything similar to a hotel rental. That said, there are a lot of people who do use their condos as Airbnb rentals because they understand that the city does not have the manpower to enforce those laws. I do not recommend going that route. You can definitely find townhomes or single-family homes that you can invest in without breaking any laws and still run a very successful Airbnb. Ultimately, the most important thing is to understand the area laws and know what you should or should not be doing. 2. Decide if you want to hire a professional management company that specializes in Airbnb rentals. The company will provide a turnkey operation; you don’t have to do anything.

They can take care of you and you will get a deposit every month, so it is a good way to make a profit. You can also manage the property yourself if you have enough time on your hands. Make sure that you know the laws regarding short-term rentals in your area. 3. Have an exit strategy. I always recommend that you have an exit strategy for your investment properties. The first exit strategy would be selling the property. If you decide that the Airbnb property isn’t working for you six months after buying it, you need to know what kind of haircut you will have to get if you decide to sell.

Remember, with relocation taxes, closing costs, and broker fees, you will need to spend money to sell the home. You need to make sure that you can sell in six months without losing money on your investment. The other option is to turn your Airbnb Co-hosts Fees property into a long-term rental. Get a tenant in for 12 to 24 months so that you can create a positive cash flow without losing any money. As I mentioned earlier, I will have some more details for you on Airbnb investment properties in the next few months. If you have any other questions in the meantime, please don’t hesitate to reach out to me. I would be happy to help you!

In the future, the kiosks will allow them to sell insurance and refer users to doctors. Pyxai: Employers don’t have scalable ways to screen for soft skills and culture fit. Pyxai gives job applicants a 30 minute quiz that it analyzes with natural language processing to assess what they can do and if they’ll mesh with existing staff. Deemphasizing resumes could decrease discrimination in hiring. 6 per screening and wants to be part of how all 36 million knowledge job openings get filled. Mage: An app built specifically for buying and selling cards from Magic: The Gathering — the largest trading card game in the world.

Aiming to do for Magic what GOAT did for shoe resales, their app scans, recognizes, and prices cards and helps users to list them. 120 per month on Magic cards. Geosite: Businesses that need satellite imagery have to piece it together from 40 providers, manually download the content, and upload it to their system. Geosite is a marketplace for immediately usable spatial imagery. 3 million in contracts with the US Air Force. Community Phone: Community Phone aims to be a friendlier wireless carrier, aggregating three existing wireless networks behind a company focused on a positive customer service experience. 230k in annual recurring revenue, and are profitable with a 45% margin.

Superb AI: To build artificial intelligence, you need accurately labeled training data, but services like Mechanical Turk can be slow and Superb AI has built an AI that assists in the labeling process to speed it up 10X, and creates its own in-house AI algorithms. 1 million in revenue in the past 7 months. For most businesses to keep up with the AIs from Google, Facebook, and the other tech giants, they’ll need help generating training data that Superb can provide. Termius: Termius makes an SSH client that works on desktop and mobile and already has 11,000 paying customers including employees at Disney and NASA. 1 ranking in app stores for "SSH". Next, Termius wants to expand to teams to become a full collaboration platform. Verto FX: Helps businesses in Africa obtain foreign currencies needed to work with international companies.

They currently support the exchange of 18 currencies. 30k monthly revenue. Co-founders Anthony Oduwole and Ola Oyetayo both have backgrounds in building technology platforms for large banks. Inito: This app lets you measure fertility hormones using a hardware dongle that plugs into your phone. Inito can perform a hormone test and use that data to diagnose and treat conditions, and aid in planning procedures like IVF and IUI. Inito claims it can help people get pregnant faster while earning a 65 percent margin on its hardware, and that its data could help diagnose illnesses earlier. Woke: Finances ad campaigns for budding eCommerce brands and helps them grow in exchange for a cut of the profits.

In one month, they’ve onboarded 4 merchants who are giving them 50% of profits on each sale. PNOE: They’ve built a compact breath analysis device for fitness facilities, to provide athletes with information about their cardiac/metabolic health. 60,000 alternatives. Revenue is growing 40% per month. After fitness facilities, they aim to bring the device into healthcare centers to help with heart disease, obesity. WeatherCheck: Measures weather damage for insurance companies. The company has secured 4.7 million in annual bookings in the five months since it launched to help insurance carriers reduce their overall claims expense. To use the service, insurers upload data about their properties. WeatherCheck then monitors the weather and sends notifications to insurance companies, if, for example, a property has been damaged by hail. EatGeek: After selling their last startup to GrubHub, the co-founders of Eatgeek are looking to help restaurants pull in more large-scale catering orders.

Most restaurants aren’t focused on courting those looking to cater events; EatGeek opens them up to an audience of people looking specifically for these larger orders. The company takes a 20 percent commission on every order that moves through their systems, but they don’t have to worry about dealing with the food preparation or delivery. Avo: Prevents human error when implementing analytics. The company says humans suck at implementing analytics. Their team of engineers and data scientists previously built QuizUp, a startup backed by Sequoia Capital that garnered 100 million users. Avo is currently being used by Skip Scooters, among other businesses.

15 per person. We previously wrote about Adventurous here. Globe: The startup, which has dubbed itself the "Coinbase for derivatives," has built a cryptocurrency-derivative exchange that supports high-frequency trading. The platform allows crypto holders to trade global markets with bitcoin and grants users the same access to data leveraged by institutional investors. XGenomes: XGenomes is aiming to revolutionize DNA sequencing with a low-cost, high-efficiency solution that saves time and money. The company’s solution involves laying out samples on glass slides, identifying individual sequences and using machine learning to stitch together the high resolution photos and turn these images into a full DNA Habitat Logistics: A food delivery startup that doesn’t have a consumer mobile app but helps restaurants make deliveries.

What sets them apart from competitors? The company only delivers to restaurants that are within 10 minutes of a customer’s home, saving them time on long deliveries. Restaurants ping Habitat when they have delivery needs and the company sends a driver to complete the delivery. 110,000 monthly revenue by charging restaurants per delivery. WorkClout: WorkClout is building software to help manufacturers manage their operations in a cohesive product. The team says 56 percent of all manufacturers still manage their software on paper and Excel, WorkClout makes it much easier to spot inefficiencies and improve workflows. The team is focusing on customers in the packaging manufacturing space first, and is looking to tackle food and beverage companies and textile manufacturers next.

PadPiper: A marketplace for finding monthly housing and compatible roommates. The company helps interns find the right place to live, with the right roommates, partnering with big companies who need to help their interns navigate the housing market. The founders say they had to move 35 times in five years for academic reasons and were disappointed by Craigslist and other 10,000 in monthly revenue and says it’s growing 37 percent week-over-week. DevFlight: DevFlight wants to revamp the business model for open-source software. They’re building a marketplace to pair open-sourced developer with companies. DevFlight works with the company and developers to create a plan that helps both parties understand the scope of the project.

DevFlight takes a 25 percent transaction on the deals. Construction companies are often forced to pay for their own jobs when customers are late on payments. 104 billion in unpaid construction invoices every year. 22,800 in monthly revenue. The founders previously launched an Andreessen Horowitz-backed company called Tenfold. Gerostate Alpha: Gerostate Alpha is tackling human aging, an ambitious goal. The three co-founders are all academics at the Buck Institute where they’ve spent years researching aging. They’ve used their proprietary platform for drug discovery to quickly parse 90,000 compounds and identify 150 hits for further Trestle: Founded by a former employee of Stripe, a fellow Y Combinator grad, Trestle provides companies a home page/easy-to-use intranet with profiles of each employee.