Airbnb/VRBO owners? "I'm a Superhost and doing just fine, thanks."

Discussion in 'The Mainboard' started by BamaNug, Nov 4, 2019.

  1. devine

    devine hi, i am user devine
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    I always thought the reasoning was so they knew which linen to wash, probably shouldn’t be trusting random guests and just wash them all anyways
     
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  2. Kevintensity

    Kevintensity Poster/Posting Game Coordinator
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    Fine print: must supply your own lawnmower and cut the grass before check out
    If staying during the fall, clean out gutters within an hour of check in
    Shovel and salt the driveway during winter stay.
     
  3. DollarBillHokie

    DollarBillHokie Usher is the worst
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    Fargin' Icehole do you do this with your property?
     
  4. texasraider

    texasraider thanks
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    Accepted an offer over the weekend for my two rental cabins. 3x what I paid. Feelsgoodiguessman

    Will miss them but also won’t.
     
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  5. Fargin'

    Fargin' 50% soulless
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    No grass, no trees, and no driveway. They lucky.
     
  6. Fargin'

    Fargin' 50% soulless
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    Supposed to close on mine Friday. So much this.
     
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  7. bnob

    bnob Well-Known Member
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    You will get over that quickly. I sold one of my cabins earlier this year for over double what I paid for it 18 months earlier. I was able to take the profit and put in investments that don’t require me to be involved day to day and I make more money than what I was making with the cabin. I still have one other STR that does well. Would gladly sell it if the appreciation had been anywhere as good. I won’t miss dealing with some of the idiots that you get when you rent properties to people.
     
    Lip likes this.
  8. rulethirty

    rulethirty UCF and Alabama are basically peers.
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    Been renting out since 2020 and haven't had too many idiots. Just filing our first insurance claim through VRBO today. Has anyone gone through it before on there?
     
  9. Imurhuckleberry

    Imurhuckleberry Avid spectator of windmill warriors
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    So we put our property on Airbnb 2 weeks ago and immediately had seven reservations spread over the rest of the year. We were excited but wanted to add a few things and take a short holiday out there. While driving 13 hours to the western slope a reservation came in starting the next night. Ended up sleeping at our grandparents down in the valley and we just got the email about our first 1k dollars has been sent by Airbnb!!!

    We’re on the board!

    76468F9A-BE82-415A-B88D-931226E53057.jpeg
     
  10. racer

    racer Yuma, where I work in software.
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  11. Bo Pelinis

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    Have my eyes on a third place. Different location but listed for 155k in July and now asking 105k. Could prob grab for 80-85k tbh. It's really pretty nice, as well. 4/2 1500 sq ft. Old house but lots of updates.
     
  12. Where Eagles Dare

    Where Eagles Dare The Specialist Show On Earth
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    Where are these vacationable 1500 sqft condos available for 85k? A midwestern lake?
     
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  13. Bo Pelinis

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    It’s not a condo. It’s a whole ass house and yeah pretty much.
     
  14. Nug

    Nug MexicanNug
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    Bought a duplex in New Orleans a few weeks ago, just got the appraisal back at $10k over contract, full steam ahead. Rates obviously suck but it will still be profitable, hopefully refi in 2-3 years.

    https://www.airbnb.com/rooms/34477828


    https://www.airbnb.com/rooms/34474075

    Sold fucking turnkey, so convenient.

    New Orleans has a moratorium on new STR permits in the city, only way to do multi-fanily STRs is buy a place that already has a permit grandfathered in. When they come on the market they're usually sold in under 24 hours. Had an absolute rockstar realtor, we had an offer 6 hours after it went for sale. Fucking riiiiight.
     
    #614 Nug, Oct 5, 2022
    Last edited: Oct 5, 2022
  15. Bo Pelinis

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    Offer in on #3 :diamondjoe:
     
  16. Bo Pelinis

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    ^ fuckin idiot
     
  17. Nug

    Nug MexicanNug
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    lol - what caused this?
     
  18. Bo Pelinis

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    Sometimes you’ve got to send it ya know
     
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  19. wes tegg

    wes tegg I'm a Guy's guy, guys.
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  20. Nug

    Nug MexicanNug
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    Property manager.
     
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  21. PAHokie

    PAHokie Can't a bitch living say I bought her Michael Kors
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    Put an offer in on a lake house today.
     
  22. devine

    devine hi, i am user devine
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    For our Airbnb/VRBO owners. Out of genuine curiosity, and I’m not judging either way.

    What do y’all do about friends or family that want to stay in your place? Charge them normal rates but let them get first say to when they can book? Discount? Free stays?
     
  23. Nug

    Nug MexicanNug
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    Just ask them to pay the cleaning fee.

    I'm not going to cancel an existing booking if they want, but if there are dates available I'll block them for friends and family. Do this fairly often.
     
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  24. Festus McBadass

    Festus McBadass Cool ass dog and 5 star recruit
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    Block dates off if they aren’t already reserved. Charge the same rate except don’t charge the cleaning fee. Or charge a little less unless it’s peak time or a holiday.
     
    devine likes this.
  25. devine

    devine hi, i am user devine
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    Whats the cleaning situation like? Do you have contracts or something with cleaning services?
     
  26. Festus McBadass

    Festus McBadass Cool ass dog and 5 star recruit
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    We use a lady that lives in the area and that was recommended by a couple of other owners in the building.
     
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  27. Nug

    Nug MexicanNug
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    Just use a local cleaning service. No contract, I just write them a check at the end of every month. I'm sure more populated areas have more professional companies.
     
    devine likes this.
  28. Bo Pelinis

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    We do a flat cash night rate with no cleaning and it’s a discount on normal nights IRS don’t @ me
     
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  29. Bo Pelinis

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    Got our third one up and running and open for biz starting in January. Looking to add a 4th in early 2023 and maybe a 5th in late 2023.
     
  30. Bo Pelinis

    Donor TMB OG
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    2024 going to try to find a spot with a house and some extra land and build a storage unit on it. Going balls deep on this shit.
     
  31. Where Eagles Dare

    Where Eagles Dare The Specialist Show On Earth
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    Probably need to talk to a cpa, bur wondering if anyone has owned land/property in a foreign country. Held as a corporation? LLC or something? If you go and "visit" your land, can you write some of it off as an expense?
     
  32. Festus McBadass

    Festus McBadass Cool ass dog and 5 star recruit
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    We own 4 properties in Medellin. All just in our name. My wife claims any income there and claims it on the taxes she filed there.

    Interesting thought though to register them as a business to write off plane tickets and expenses to go “visit” the properties. We’d have to pay taxes on the income here too, I’d imagine.
     
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  33. rulethirty

    rulethirty UCF and Alabama are basically peers.
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    If it’s low season, we typically just charge friends/fam the cleaning fee. If it’s high season, we typically charge them the low season rate.

    If it’s immediate fam we just charge cleaning fee.
     
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  34. devine

    devine hi, i am user devine
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    This seems like a good strategy.

    I worry that some would try and pull the “we will clean don’t worry!” To get out of the fee, to which you could just not invite them back I guess
     
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  35. Tecumseh

    Tecumseh Well-Known Member
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    Same as Nug said. Cleaning fee is $140. Depending on who it is, if they cover that, we’re good. Close family, I’ll eat the fee, as we did at Christmas.
     
    devine likes this.
  36. Mix

    Mix I own a Fuddruckers with Scottie Pippen
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    Is your wife from/live there? Its super hard to avoid paying taxes on foreign income if you live here or even if you move abroad. Basically have to renounce citizenship if you want to avoid those taxes.
     
  37. Festus McBadass

    Festus McBadass Cool ass dog and 5 star recruit
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    Yeah my wife is Colombian.
     
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  38. Mix

    Mix I own a Fuddruckers with Scottie Pippen
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    Nice. How is the return down there? Had people looking for investment in a hotel project a few months back that kinda seemed interesting.
     
  39. Festus McBadass

    Festus McBadass Cool ass dog and 5 star recruit
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    We only have one available to rent right now and the administration just banned short term rentals. So we are currently fighting that. It was making enough to pay for itself with a little left over. Two others are currently under construction and will be ready Q1 2024. The other will be ready Q2 next year.

    But when I lived there, I met a French guy that had 7-8 properties in Airbnb and they lived pretty comfortably on that. Started with one and used the income to buy another one and just kept growing from there. The key is the location.

    The 3 currently under construction are in a more touristy area for Americans/Europeans so we expect them to do well. The other one that is currently available is in a more touristy area for Colombians, so it’s a little slow moving. We will probably end up selling that one if they won’t overturn the rental ban. We’ve had to take it off of Booking and Airbnb because they were fining people so the last couple of months it’s only been renting to family and friends, but with the holidays coming to an end we probably won’t be renting much, if at all.
     
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  40. rulethirty

    rulethirty UCF and Alabama are basically peers.
    UCF KnightsOrlando MagicMiami DolphinsOrlando CityBig 12 Conference

    Just tell them the cleaners rely on you for income, which is true. You really don’t want to trust the cleaning process to anyone who doesn’t have skin in the game. It’s too important.
     
  41. rulethirty

    rulethirty UCF and Alabama are basically peers.
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    I’m surprised y’all are still able to find deals. All the listing prices near us would crush our margins.
     
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  42. Imurhuckleberry

    Imurhuckleberry Avid spectator of windmill warriors
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    Out finishing out a fourth bedroom (got a deal on some beetle kill pine so using that for the ceiling) at our AirBnB and the storm broke for a bit. It’s so beautiful out here. A few more years till we can live here full time. 4838A055-8CDC-472B-8EB5-8C1F4F1791FD.jpeg
     
  43. Imurhuckleberry

    Imurhuckleberry Avid spectator of windmill warriors
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    I thought I heard there was something new for airbnb that let guests see cleaning requirements before booking but I don’t see a new place to enter information.
    For us it’s please put your trash in trash cans and dishes in dishwasher and let us know if there was any damage during your stay. I usually share that in a message but want guests to see it before booking. What am I missing?
     
  44. Tecumseh

    Tecumseh Well-Known Member
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    We are kind of disillusioned with how Vacasa markets our home. Add in the fact that we live on-site, and we are looking at trying to get longer term renters, specifically travel nurses, who generally book 3 months at a time. With that in kind, we signed up for Furnished Finders. Total was a couple hundred bucks, but we figured it would be worth it if we can book a tenant for 3 months.
     
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  45. Nug

    Nug MexicanNug
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  46. Where Eagles Dare

    Where Eagles Dare The Specialist Show On Earth
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  47. Bo Pelinis

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    Do you think Nug the type of dude who isn’t already leveraged to the tits on his other properties?
     
  48. Where Eagles Dare

    Where Eagles Dare The Specialist Show On Earth
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    Back in my day you used to be able to go 120%.

    LFG
     
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  49. Russellin4885

    Russellin4885 Well-Known Member
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    How high of interest we talking?
     
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