Great content! Thank you. I own one rental in an affluent suburb in nor cal and I co-host another in the same area. These are furnished midterm rentals. I don’t get travel nurses. The homes are too big for what they typically need. Occasionally a physician with a family will inquire. But I have managed to have a high rate of tenancy because I charge a fair rate (still $1500 over what I would get for a long term rental). Most of my guests are people moving to the area, getting their homes remodeled, or contracting with an employer for a time. I also keep in contact with corporate and insurance housing agencies and middlemen. Remember, the guest is a customer. Give them first class treatment and build a relationship with them.
Hard Truth as neighborhoods get saturated with homes turned into hotels rents and prices become unaffordable to the people living in that neighborhood with a job where they do actual work leading to local governments banning or limiting them
FED interests are 5.5%. Shelter (which s 36% of overall inflation is 5.4%). It lags 6-12 months. Inflation is now around 2.5%. Without shelter (including insurance inflation), it is 0.1%. America is almost in deflation. Just like the FED WAITED to increase interest rates when inflation was 7.5%. The FED is doing exactly the same in REVERSE. Whether interest rates cuts are speeded up creating a panic, who knows, but with large inventories and low interest rates, people who HAVE to sell, can now sell, and then it will stabilize. IMO.
I have a landlord in CO Springs, CO interested in talking to someone about leasing to a small airbnb arbitrage biz... any advice on how to find and shop these businesses
Loved the video. I have several long-term rentals in the Birmingham alabama area. I am considering turning a few of them that are a 5min drive to downtown into short-term or midterm rentals. What is the ratio comparison of revenue you would suggest to consider changing a property from long-term to short-term?
It's a bit of a personal decision. But run your analysis and see if the revenue difference is there. Here's another video that we did on analysis ruclips.net/video/euiFDqt8ot4/видео.html
I used to rent long term. Then my tenant stopped paying rent. Because of pro tenant laws I didn’t have an income for 6 months. But the bank demand I pay my mortgage every month. I almost went bankrupt. I have to look after my family. I don’t feel bad offering my property on Airbnb. The opposite.
Equally culpable is spoiled millennials who think they are entitled to cheap rent cause their parents had it, so they refuse to live at home, or get a roommate, to save up to purchase, and they keep paying the exorbitant rental costs. So you're bias if you focus on only one cause.
We send our guests 2 messages, A Greeting at the beginning of a stay and a reminder for checkout at the end, I'm curious as to what the other 11 messages would be that you have automatically sent? As a Host and guest, the less correspondence I have with a guest/host, the better.
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Great content! Thank you.
I own one rental in an affluent suburb in nor cal and I co-host another in the same area. These are furnished midterm rentals. I don’t get travel nurses. The homes are too big for what they typically need. Occasionally a physician with a family will inquire.
But I have managed to have a high rate of tenancy because I charge a fair rate (still $1500 over what I would get for a long term rental). Most of my guests are people moving to the area, getting their homes remodeled, or contracting with an employer for a time. I also keep in contact with corporate and insurance housing agencies and middlemen.
Remember, the guest is a customer. Give them first class treatment and build a relationship with them.
We lost our butts.on our Airbnb in Mexico. No one wants to pay. Everything has gotten so expensive now down here.
Until the government starts regulating (and Taxing) air bnb mult unit vendors as Hotels. AND THATS WHAT THEY ARE.
Hard Truth as neighborhoods get saturated with homes turned into hotels rents and prices become unaffordable to the people living in that neighborhood with a job where they do actual work leading to local governments banning or limiting them
Buying a vacation house in Portugal, excited to start on my STR journey!
FED interests are 5.5%. Shelter (which s 36% of overall inflation is 5.4%). It lags 6-12 months. Inflation is now around 2.5%. Without shelter (including insurance inflation), it is 0.1%. America is almost in deflation. Just like the FED WAITED to increase interest rates when inflation was 7.5%. The FED is doing exactly the same in REVERSE.
Whether interest rates cuts are speeded up creating a panic, who knows, but with large inventories and low interest rates, people who HAVE to sell, can now sell, and then it will stabilize. IMO.
I have a landlord in CO Springs, CO interested in talking to someone about leasing to a small airbnb arbitrage biz... any advice on how to find and shop these businesses
Loved the video. I have several long-term rentals in the Birmingham alabama area. I am considering turning a few of them that are a 5min drive to downtown into short-term or midterm rentals. What is the ratio comparison of revenue you would suggest to consider changing a property from long-term to short-term?
It's a bit of a personal decision. But run your analysis and see if the revenue difference is there. Here's another video that we did on analysis ruclips.net/video/euiFDqt8ot4/видео.html
I don't see the link to your video on more detail about your PMS?
Here ya go! ruclips.net/video/graRtxRz9wg/видео.html
Hello, my property is currently on VRBO since July 1st. So far I have 3 bookings. Do you recommend Airbnb as well? Thanks, Kevin
90% of our business comes from AirBnB and we have them listed on VRBO aswell.
Definitely list on both platforms!
How’s it going?
Tony J, do you even lift bro?! lol jk great vid guys, thank you!
😂 probably not enough
😂
Explaining supply and demand😂
Keep Rocking it!
Thank you!
First one on here!
Excellent. Our company provides architecture and interior remote consultation services for house flippers and investors.
The hard truth is that those who own Airbnbs are helping with the destruction of their communities and the housing market. So, thank you, I guess.
I used to rent long term. Then my tenant stopped paying rent. Because of pro tenant laws I didn’t have an income for 6 months. But the bank demand I pay my mortgage every month. I almost went bankrupt. I have to look after my family. I don’t feel bad offering my property on Airbnb. The opposite.
Your problem is with Capitalism so reroute your anger to the appropriate people/institutions, not the hosts.
Equally culpable is spoiled millennials who think they are entitled to cheap rent cause their parents had it, so they refuse to live at home, or get a roommate, to save up to purchase, and they keep paying the exorbitant rental costs. So you're bias if you focus on only one cause.
How is the little guy with their airbnb competing with major hotel chains destroying anything?
I hope all super hosts......super fail!
Why?
We send our guests 2 messages, A Greeting at the beginning of a stay and a reminder for checkout at the end, I'm curious as to what the other 11 messages would be that you have automatically sent? As a Host and guest, the less correspondence I have with a guest/host, the better.
Here's another video we did on this topic! ruclips.net/video/f3voEUopnks/видео.html