AirBnB Buyers Beware: Cautionary Advice from Rachel Prince, the "Rentalpreneur"!

INDIANAPOLIS - Rezul -- Indianapolis-based Airbnb Property Manager and Realtor, Rachel Prince, had an unexpected experience that ended up costing her time and money—but yet also taught her a very valuable lesson. As a result of her recent experience, Rachel shares her story with others in an effort to forewarn and protect homeowners in the AirBnB industry.

Backstory: After receiving Airbnb funds in her account from an unknown source for 3 years (totaling $8,000), Rachel was blindsided by a lawsuit from a past client regarding "monies owed". The former client, forgot to stop the automatic payouts from his account that were being sent to Rachel when she managed the property, a common occurrence in the AirBnB industry. By the time the former client realized that payments were still being paid to Rachel and not him, he filed a lawsuit against Prince, demanding repayment. Needless to say, this was a very shocking and costly situation for Rachel.

More on Rezul News

• Agemin Unveils Breakthrough AI Model for Biometric Age Estimation, Setting New Standards in Online Child Safety
• Strategic Partnerships with Defiant Space Corp and Emtel Energy USA Powerfully Enhance Solar Tech Leader with NASA Agreements: Ascent Solar $ASTI
• 120% Revenue Surge with Four Straight Profitable Quarters Signal a Breakout in the Multi-Billion Dollar Homebuilding Market: Innovative Designs $IVDN
• Leading Venture Capital Firms Recognize Wzzph Exchange's Technical Architecture and Security Framework as Industry Benchmark
• DivX Unveils Major DivX Software Update: Seamless Video Sharing and Customizable Playback Now Available

Now that the matter has been resolved, Rachel would like to offer some sage advice to other homeowners and Airbnb managers, so that they can avoid something like this from happening to them.

Important Points To Consider:
1. Legality: Find out if your Airbnb Co-Host is a licensed and trained Real estate agent. In most cities now, like Indiana, BY LAW you need a real estate license to manage properties however Airbnb can fall under a "grey area".
2. Professionalism & Accountability: Realtors hold a license that can be taken away. They can be held accountable. They are also are trained on ethics and moral obligations and are taught to serve their client in accordance with laws and regulations and residential best practices.
3. Contracts: Create a legal agreement between you and your Airbnb real estate agent. Agents are allowed by law to access and write to standard property management leases. or have a lawyer create one for both of you.

More on Rezul News

• Nespolo Mechanical Helps New Mexico Families Save Thousands on Heating Costs This Fall
• Leading Digital Finance Platform YNQTL Launches Revolutionary Web3 Digital Asset Trading Platform
• IDCXS Addresses Crypto Trading Pain Points with 2 Million TPS Processing and Multi-Layer Security Architecture
• Bridging Traditional Finance and Web3 Innovation: BLFCW Announces Strategic Vision for Regulated Web3 Economy
• NKSCX Responds to "Coordinated Smear Campaign" as Anonymous Critics Emerge Following Regulatory Milestones

4. Resources: Real Estate agents have access to standard documents and rental agreements, and are allowed by law to write leases.  Be aware of letting a cohost without a license write a lease for a long term guest. Also realtors often have access to company lawyers and may be able to provide more aid if anything ever went wrong with a guest.

Featured in INC. Magazine and on The Ron LeGrand Mentor Podcast, Rachel Prince has been called the "Maven" of AirBnB Short-Term renting. She is also the author of AirBnB Mentality, AirBnB Side Hustle and the creator of BUYBNB the online investing course. To learn more about Rachel visit: www.rentalpreneur.com