$1750 To Change A Water Heater Is That A Bit Too High

How can I tell if it is a good idea to rent out my house (4 bedrooms, 4000 sq. ft with a nice view in suburbs of Los Angeles) or to use Airbnb? Will I have to be present in the city to manage it?

I would suggest a good place to start is search through listings nearby on Airbnb. I pulled up a quick 4BR Airbnb search of suburbs in Los Angeles and saw the average nightly rate is about $184/night. This search is a helpful start, and I would further recommend drilling down to other 4BR properties closer to you on the search and compare property type, furnishings, locations, etc. compared to your property and your desired nightly rates.Beyond that, if you would like to drill down further to get a better idea of how much you can make, I would recommend trying this rental grader tool that evaluates the projected annual net rental income you would make on the property (it accounts for short-term occupancy rates and expenses based on comparable data from nearby short-term rental properties).As Zachary said in his post in regards to your question around whether or not you need to be present, that question depends on whether or not you want to work with a paid professional. If you are open to working with a paid professional, then you by no means would be required to present in the city. In fact, you could go travel the world for a full year for all you care.Before choosing a paid professional, I would suggest carefully considering the following questions and using them as you go through the process of finding a paid professional to rent your place out on Airbnb:What is the Airbnb manager’s reputation?Is the vacation rental management contract homeowner-friendly?How much can I expect to make with an Airbnb manager?Is the management company financially secure?How does the Airbnb management company vet guests?Will there be an impact on longer-term home value?Is this manager someone I can trust?From there, I would recommend conducting your search and evaluating different managers based on their answers to those questions.Some more detail on these factors to consider can be found here .