Expat Exchange
Free MembershipSign In

Romania Expat Forum

Air BnB /Investment

New Topic Newest First
ellierose
4/30/2019 21:47 EST

Hi there,

Thinking about buying a property and renting it out on Air BnB as an investment, (My husband is Romanian).
We would have someone to look after the property as we live in Australia.
Looking at Timisoara area.
Has anyone done this before? What do we need to consider?

Thanks!

Joshuak
5/1/2019 23:03 EST

I am afraid that would be one of the biggest mistakes in your financial life. Being a absentee landlord is bad enough for full time rentals, but for AIRBNB it would be a nightmare. I have lived for part of a year in Romania, and many of the holiday rentals can be quite cheap so you may find you cannot get a good enough return on your initial investment. You could easily lose money. For many years I owned 5 rental apartments in the US and when it came time for retirement I sold them and invested in tax free Muni bonds. Besides,I live 1500 miles now from where those apartments are. I cannot imagine dealing with problems from that distance, and believe me,there will be problems. Invest in apartments where you live, that will give you enough to do. Just because you have Husband's relatives there in Romania, does not mean things will go smooth. Far from it . Daily rentals such as AIRBNB will be impossible unless you are on scene.

AGS Worldwide Movers

AGS Worldwide Movers can move you to and from anywhere in the world. Presently the AGS Group has over 141 locations in more than 95 countries and has one of the largest networks in the international removals industry. We relocate 85,000 families every year. Free moving quote!

Learn More Get a Quote

AGS Worldwide Movers

AGS Worldwide Movers can move you to and from anywhere in the world. Presently the AGS Group has over 141 locations in more than 95 countries and has one of the largest networks in the international removals industry. We relocate 85,000 families every year. Free moving quote!

Learn More Get a Quote

Simonateo
6/11/2019 03:50 EST

I am Romanian from Timisoara, left Romania in 1993. I still have my mother’s apartment left, and it’s rented monthly, with easily €180 (for 2 students cause the bathroom it’s not super arranged). I bedroom apartment in Popa Sapca, center location, near the biggest mall. There are plenty of empty apartments to rent if you pickup the local news paper. Pages of offerings, monthly, weekly, any length. As far as i know my native town and what can do and visit in town, I really have no idea why so many tourist would come to be able to have often and all the time short renting., unless the relatives are having already something in mind. I am from there and I would not buy one with that idea in mind. My moms apartment to buy could cost about 40k € (I was told) and it’s not super luxury arranged inside. .

gonzooo
6/20/2019 13:28 EST

Hi, I live and work in RO for the last 20 years. There is a clear trend that Romania is making big steps to beeing a full EU member soon. Economically rental is a increasing business mostly for private investors as it offers the biggest ROI and the safest form of investment, as real estate and land prices have only increased from 2008. Timisoara will be European Capital of Culture in 2021. It a boom town!
As a Landlord you can contract a company for rental and cleaning services. Thanks to the internet and Facetime it does not matter if you live in AUS. Feel free contact me for further information and consulting. Bye BiC

Joshuak
6/20/2019 22:38 EST

Suggest you be careful about people offering consulting or contacts with lawyers as they usually are more interested in entering your wallet.

johnkorst
9/29/2019 14:01 EST

What he said!

AGS Worldwide Movers
Moving Soon?

AGS Worldwide Movers relocates 85,000 families every year.
Get a Quote

AGS Worldwide MoversMoving Soon?

AGS Worldwide Movers relocates 85,000 families every year.
Get a Quote

Living in Romania GuideLiving in Romania Guide

Expats in Romania share their tips for living in Romania. They discuss the pros and cons of living there and offer advice about driving in Bucharest, finding an apartment and more.

Romania Forum Romania Forum
Join our Romania forum to meet other expats and talk about living in Romania.

Contribute to Romania Network Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Romania.

Healthcare in RomaniaHealthcare in Romania

Expats living in Romania discuss health insurance, Card de Sanatare and quality of medical care in Romania.

Cost of Living in RomaniaCost of Living in Romania

Expats offer insight into the cost of living in Romania.

Moving to RomaniaMoving to Romania Guide

Expats moving to Romania, should read this article that covers healthcare, best places to live, culture shock, and much more.

Real Estate in RomaniaReal Estate in Romania

Real estate listings in popular cities and towns in Romania.

Pros Cons of Living in RomaniaPros & Cons of Living in Romania

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Romania.

Retiring in RomaniaRetiring in Romania

Advice for people retiring in Romania.

AGS Worldwide Movers
Moving Soon?

AGS Worldwide Movers relocates 85,000 families every year.
Get a Quote

AGS Worldwide MoversMoving Soon?

AGS Worldwide Movers relocates 85,000 families every year.
Get a Quote

Contribute to Romania Network Contribute
Help others in Romania by answering questions about the challenges and adventures of living in Romania.

Copyright 1997-2023 Burlingame Interactive, Inc.

Privacy Policy Legal