Airbnb Rentals (by Robert H (Roger H) [MA]) Nov 18, 2021 9:34 PM|
Airbnb Rentals (by BRAD 20,000 [IN]) Nov 19, 2021 12:00 AM
Airbnb Rentals (by Still Learning [NH]) Nov 19, 2021 12:24 AM
Airbnb Rentals (by S i d [MO]) Nov 19, 2021 10:06 AM
Airbnb Rentals (by Roger H [MA]) Nov 19, 2021 10:11 AM
Airbnb Rentals (by S i d [MO]) Nov 19, 2021 10:53 AM
Airbnb Rentals (by WMH [NC]) Nov 19, 2021 11:50 AM
Airbnb Rentals (by Larry [MN]) Nov 19, 2021 12:02 PM
Airbnb Rentals (by Still Learning [NH]) Nov 19, 2021 12:22 PM
Airbnb Rentals (by tryan [MA]) Nov 19, 2021 1:17 PM
Airbnb Rentals (by tryan [MA]) Nov 19, 2021 1:21 PM
Airbnb Rentals (by Roger H [MA]) Nov 19, 2021 2:46 PM
Airbnb Rentals (by BRAD 20,000 [IN]) Nov 20, 2021 1:45 AM
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Airbnb Rentals (by Robert H (Roger H) [MA]) Posted on: Nov 18, 2021 9:34 PM
I had a question in regards to Airbnb and rental units. Does anyone have any current experience? In addition I did hear of leasing apartments and setting up Airbnb in the leased apartment. I was also wondering if anyone has any experience with that as well. --172.58.xxx.xx
Airbnb Rentals (by BRAD 20,000 [IN]) Posted on: Nov 19, 2021 12:00 AM
Iím in RE for FREEDOM!!! Not more work.
I donít do Airbnb because of the extra work. I would be in the hotel business, providing immediate service at all hours, perfection cleaning between residents, at the mercy of reviews amd the mercy of Airbnbís control.
Iím told when clients complain Airbnb refunds their money (from the LL).
Airbnb Rentals (by Still Learning [NH]) Posted on: Nov 19, 2021 12:24 AM
We VRBO a second home at a ski mountain. Itís labor intensive if you do it on your own. If you hire cleaning/management groups you are reliant on others and reliability can be an issue. I have been contacted by someone wanting to lease my property to short term rent it. I would rather long term rent myself. There is a woman that is part of the MA LL group that is successful in the North Shore area that will contract with you to short term your place for you. She might be with vacasa. Steve (MA) might know her business name. --75.67.xxx.xxx
Airbnb Rentals (by S i d [MO]) Posted on: Nov 19, 2021 10:06 AM
I currently own a 13-unit Lake Front Resort and use AirBnb and VRBO.
LISTEN TO BRAD!
That's all I'm going to say. --108.230.xxx.xx
Airbnb Rentals (by Roger H [MA]) Posted on: Nov 19, 2021 10:11 AM
So you are saying just like Brad it will be more work. Has the experience for you been hectic and overbearing? --69.43.xx.x
Airbnb Rentals (by S i d [MO]) Posted on: Nov 19, 2021 10:53 AM
Yes, that is exactly what I'm saying.
One of my main disappointments is AirBnb sides with Guests on most all complaints. Now to be clear, only about 1 out of every 10 guests cites any problems, but they disproportionately impact your reviews.
That $1 million damage liability policy they tout? Hard/impossible to get any help there. You better have video evidence of any issues. Someone smokes inside? Good luck proving that happened. It's your nose vs. them saying "no we didn't." Someone brings an unauthorized pet? Again, unless you have video evidence of the renter WITH the animal INSIDE the unit, you get nothing.
The folks this platform is built for are people who have a stupendously nice, updated house and access to on call, fastidious maid services, and are willing to basically bend over backwards to accommodate every little thing immediately.
There are much easier ways to make money, in my opinion.
So.... listen to Brad, listen to me....or welcome to the circus!
Airbnb Rentals (by WMH [NC]) Posted on: Nov 19, 2021 11:50 AM
My son owns multiple AirBnB/VRBO houses. He has a full-time staff to handle things, from check-in to on-going maintenance to move-out cleaning. It's a total rat race and could not be done without so many people on board.
People complain about things clearly spelled out in the ads: no surprise - we know people don't read! They also complain about things that are clearly not the fault of the property (the weather, the city, a restaurant...)
Forget it! We are going to do short-term with our downstairs apartment next year but we don't plan to use AirBnb (which means we won't have the reach and the same traffic, but I'd rather sit empty!) --50.82.xxx.xxx
Airbnb Rentals (by Larry [MN]) Posted on: Nov 19, 2021 12:02 PM
Make sure the city or municipality allows short term rentals. Mine does not and neighbors will look for listings and snitch. Also make sure HOA allows them. Many do not. --68.46.xx.xxx
Airbnb Rentals (by Still Learning [NH]) Posted on: Nov 19, 2021 12:22 PM
I think VRBO is better from the owner side than air BnB but towns can cause issues too. We suddenly had to get inspected with new rules put in place by the town and have now gone from a 3 BR to a 2 BR due to egress. We hired a lawyer, the town gave a solution, the HOA since itís a condo voted no so now our property doesnít accommodate our whole family without replacing living room furniture to include a sleep sofa and we have lost money if we sell since it is no longer a 3 BR. They almost voted in a moratorium on new short term licenses. --24.61.xxx.xxx
Airbnb Rentals (by tryan [MA]) Posted on: Nov 19, 2021 1:17 PM
I have rented the lake house out shortterm since before these platforms (vrbo and airbnb) existed. I use the rents to make improvements and offset costs. Now the thing grosses more than it costs me ... so I accually turn a profit. The trick is competent help.
I haven't mowed the lawn, plowed the driveway, or cleaned it in decades. This year I'll use 10k from the rents to stain the outside.
And of course it's always there for me and the kids if we decide we want it.
To each, his own. --76.119.xxx.xxx
Airbnb Rentals (by tryan [MA]) Posted on: Nov 19, 2021 1:21 PM
... I will add, if we didn't use the house for the lake or ski mt nearby. , I wouldn't want the work. --76.119.xxx.xxx
Airbnb Rentals (by Roger H [MA]) Posted on: Nov 19, 2021 2:46 PM
So it sounds like most people would rather not have the excess work. Thank you for all the insight. --69.43.xx.x
Airbnb Rentals (by BRAD 20,000 [IN]) Posted on: Nov 20, 2021 1:45 AM
I talked with a LL today who has been doing some short terms rentals for 18 months. She said she is making double the rent of a long term lease. Yay!
She is inside each one at least once a week
Canít find people to clean (thanks stimulus checks!)
Still has people who donít pay, must evict
Only $150 deposit
Zero help from the company
Does not like the service companyís screening and must take who they send.
Me? Applicants pay me a fee to apply
They have a proven rental record and income
I donít meet them until the lease signing
I donít see them ever again. We might text a little but seldom.
My atty charges $365/ hour. Iím worth that to my biz.
I take a Non-Refundable Option Fee of $800-5000 EACH TIME I re-rent.
I get an Early Lease Termination Fee when they want to leave early.
Some homes stay rented for YEARS without a single visit feom me or maintenance.
If I want to double that homeís income I just buy another house.
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