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Short term rentals - airbnb or other


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2021 Jul 11, 3:02pm   47,244 views  269 comments

by YesYNot   ➕follow (0)   💰tip   ignore  

Anybody doing short term rentals lately?

I'm thinking of doing this in the Shenandoah region in VA, which has very low inventory and lots of short term rentals on the market. I assume that as more and more people do this, the market will saturate. I'm not sure how long that will take, and exactly how that will play out - plenty of thoughts though. In particular, I think if people insist on working from home, the far flung mountain retreat type areas outside of cities will do very well. I'm thinking that people wouldn't commute long distance every day, but might be willing to commute further once or twice a week. So, the high property values in/close to cities will continue to spread outward.

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153   RedStar   2023 May 3, 11:56am  

mell says


Turo is great, used in many times for 25%-50% of the price of a rental, had great cars to try out. No objections to Turo. But it's not comparable to Air BnB as Turo makes it easier and cheaper for you, they literally meet you at the airport outside to do the handover, no waiting in line like at the car rental with 1 employee for 500 customers. Had once a guy who claimed there was a scratch from a rock in the car now, and I quickly settled for an additional $150 or so, was still much cheaper than a rental car. Decent option. Not they are an SF company, not everything that comes out of there is bad ;)


Turo can go to hell. I fell prey to a scam artist and Turo banned me for trying to get my money back through the credit card company.

Long story short- I never got access to the car I reserved and paid for, owner lied and said I did. Turo didn't care and they have zero customer service.

They ended up banning my account because I tried to fight it through the CC company.
154   just_passing_through   2023 May 4, 6:10am  

zzyzzx says







Every time I see one of these I'm floored by the cleaning fees. I only charge $150 and throw in a free cleaning for people who stay more than 2 weeks for my Maui vacation rental. $150 is pretty standard although my cleaners think I shouldn't give freebees like that - I do.

In fact, I just turned over a ~2000sq/ft long term (1-year lease, SFH) and only paid $200 for make-ready-cleaning. It really should have been $400 but an old high school buddy owns the company and under charged me. I owe him quite a few beers.

What in the hell goes on in these AirBNBs!?
155   mell   2023 May 4, 8:45am  

RedStar says



Turo can go to hell. I fell prey to a scam artist and Turo banned me for trying to get my money back through the credit card company.

Long story short- I never got access to the car I reserved and paid for, owner lied and said I did. Turo didn't care and they have zero customer service.

They ended up banning my account because I tried to fight it through the CC company.

Good that you paid with CC, just charge it back. If they ban you, it's their loss. I always pay with CC and charge back if the service is not satisfactory. But Turo is likely struggling like all the smaller start ups of recent years. They can't really do much, like all of these direct brokers you run the risk of hitting a scammer. I don't know what their insurance/coverage policy is, but as a last resort you should be prepared to get a rental car. Not getting your car can happen at a rental company as well btw, though at least they would reimburse you. I used them maybe 5 times, and never had an issue. If the car rental companies weren't that shitty, Turo would have never been invented. Same as for Uber/Lyft vs cabs.
156   AD   2023 May 4, 10:47am  

I'd recommend searching for independent companies such as on Facebook ... for example in Panama City Beach, there is Dawns Rentals and Book That Condo ....

I don't believe they charge all the exorbitant fees like AirBnB and they give a better value or deal ...

Expedia is pretty good at giving options beyond AirBnB which is overly priced vacation rentals ,,,,

AirBnb peaked around $213 a share in February 2021, and a few months after its IPO... its now at $118 ...

I wonder if AirBnB will eventually go into obscurity like Yahoo and MySpace ...
158   zzyzzx   2023 Jun 8, 11:10am  

ad says

I'd recommend searching for independent companies such as on Facebook ... for example in Panama City Beach, there is Dawns Rentals and Book That Condo ....

I don't believe they charge all the exorbitant fees like AirBnB and they give a better value or deal ...

Expedia is pretty good at giving options beyond AirBnB which is overly priced vacation rentals ,,,,


I recommend just using hotels.
159   zzyzzx   2023 Jun 15, 10:58am  

https://www.nbcdfw.com/news/local/dallas-short-term-rental-showdown-comes-down-to-vote/3277841/

Short-term rentals zoned out of Dallas single family neighborhoods
160   Eric Holder   2023 Jun 15, 12:00pm  

zzyzzx says

https://www.nbcdfw.com/news/local/dallas-short-term-rental-showdown-comes-down-to-vote/3277841/

Short-term rentals zoned out of Dallas single family neighborhoods


Noooooooooo!
161   Eric Holder   2023 Jun 15, 12:02pm  

just_passing_through says

Every time I see one of these I'm floored by the cleaning fees.
...
What in the hell goes on in these AirBNBs!?


Tax fraud maybe?
162   WookieMan   2023 Jun 15, 1:08pm  

zzyzzx says

I recommend just using hotels.

Eh, that's a tough call. I do both. Depends on the price. If kids are going vacation rental is generally the way to go. We just booked airfare and two rooms at Margaritaville in St. Thomas for a stupid low price. So we're going the hotel route which is rare with the kids. Used points, so amount won't be accurate if I posted.

We've only have one "bad" vacation rental, which wasn't that bad of a vacation rental near Bryce Canyon, UT. The lodging in the area is shit. I doubt we could have done better. Shit hole of of a town, but an amazing NP.
166   Onvacation   2023 Jun 28, 12:33pm  

Stuck at JFK last night on the way to Maine; flight canceled. In our search for a room we found an airbnb for $120/night. Plus tax, plus some $50 fee, plus a $150 cleaning fee. We were going to have a room in somebody's house.

The Courtyard in Brooklyn charged us $250 for the night, all taxes and fees included.
168   GNL   2023 Jul 3, 10:15am  

I don't think RE is in a bubble. I think slow rises in valuation until the next breakout to the moon from here on out.
169   HeadSet   2023 Jul 3, 2:02pm  

GNL says

I don't think RE is in a bubble. I think slow rises in valuation until the next breakout to the moon from here on out.

Won't that result in houses being unaffordable? Do you think families will double up in single family homes, or trend toward multiple generations living together?
170   Booger   2023 Jul 3, 2:11pm  

HeadSet says

Won't that result in houses being unaffordable?


Already unaffordable.
171   GNL   2023 Jul 3, 2:14pm  

HeadSet says

GNL says


I don't think RE is in a bubble. I think slow rises in valuation until the next breakout to the moon from here on out.

Won't that result in houses being unaffordable? Do you think families will double up in single family homes, or trend toward multiple generations living together?

I think there is a plan and the plan is to reduce all consumption. Only the higher classes will own (eventually) RE. This is my generational opinion.
172   AD   2023 Jul 3, 4:19pm  

GNL says

I think there is a plan and the plan is to reduce all consumption. Only the higher classes will own (eventually) RE. This is my generational opinion.


very short audio message from me as I am trying this new way out of posting via audio: https://voca.ro/18HpqQjof3jX

,
173   richwicks   2023 Jul 3, 5:34pm  

GNL says

I think there is a plan and the plan is to reduce all consumption. Only the higher classes will own (eventually) RE. This is my generational opinion.


What part of You'll Own Nothing and Be Happy don't you people understand?

Eventually people will start demanding higher taxation on single family homes. If you don't think Prop 13 in California will be over-turned, guess again. Basically, the boomer generation sold the young generation into slavery and they will have to actually overthrow the government to correct it, that's why they are so pressed to be indoctrinated.
174   AD   2023 Jul 3, 8:36pm  

richwicks says


single family homes


wages and income need to at least increase at double the rate of housing over next 10 year to get housing back to affordable levels

right now a typical new detached house at Breakfast Point in Panama City Beach goes for around $500,000 ...

you need to earn at least $125,000 a year to reasonably afford that... the median household income here is around $80,000 ....

.
175   richwicks   2023 Jul 3, 8:37pm  

ad says

wages and income need to increase at double the rate of housing over next 10 year to get housing back to affordable levels


Yeah, won't happen.
176   AD   2023 Jul 3, 8:41pm  

richwicks says

Yeah, won't happen.


Yeah I understand.... Too many damn AirBnB's going up on the "barrier island" known as Panama City Beach Florida ...

they need to put in zoning restrictions to increase supply so it does happen around here...
177   Onvacation   2023 Jul 3, 9:16pm  

richwicks says

Basically, the boomer generation sold the young generation into slavery

No we didn't. We were just as manipulated as you are. Prop 13 was touted as a way to keep old people from getting kicked out of their rapidly inflating homes because they couldn't afford the tax bill.

What caused the inflation?

TPTB want us to fight. Don't give in to them.
178   AD   2023 Jul 3, 9:26pm  

Onvacation says


TPTB want us to fight. Don't give in to them.


its all supply and demand and i wonder how much it is not-in-my-backyard mentality as far as this

you got to have adequate housing for the bottom of the socieoeconomic ladder who work in the various jobs from fast food to car repair shop to urgent care clinic in rich areas and zip codes

i rather rent a nice home and be able to save a lot of money for retirement than own a home with large housing expenses like mortgage and property insurance (even if it annually appreciates at double the rate of annual inflation)

.
179   AD   2023 Jul 3, 9:43pm  

Bitcoiner says

> the reality is they can survive with roommates, in ADU’s, or in a “charming studio” aka 250 sqft shoebox.


that is what my mom does... her and my stepdads home was only $250,000 on 5 acres in mountains of Colorado (about 2 hours from Denver) back in 2002 when they built it... now the county appraiser has set a value of $890,000 ...

the home has a garage apartment which is connected to the main house via a hallway or breezeway, so the county calls it an Accessory Dwelling Unit ...

my mom charges about $1250 a month for it (which includes all utilities and internet) and is 600 square feet 1 bedroom with a den and 1 bath ... I guess the den can be like a bedroom too..

.
180   richwicks   2023 Jul 3, 10:43pm  

Onvacation says


What caused the inflation?

40 years of war. The real purpose of war from the point of view of the Federal Reserve is to enslave the country through debt.

If you look up the national debt in 1971, it's 398 billion dollars. The national debt doubles on average every 8 years and has been doing this since 1971.

https://www.thebalancemoney.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287

Current national debt is I think 33 trillion.

Calculate it. It's entirely predictable.

Think war is cheap? It produces nothing and is very expensive. I wouldn't be surprised if we are fucked in less than 10 years. We're going to lose this proxy war against Russia. We don't even try to win wars. For the defense industry it's to make money, for the FED it's to enslave the country.
181   Patrick   2023 Jul 3, 10:47pm  

GNL says

I think there is a plan and the plan is to reduce all consumption. Only the higher classes will own (eventually) RE.


And that is called hereditary aristocracy, something we fought a revolution to escape.

Georgism is a good answer to the problem of real estate consolidation, among other problems.
182   Onvacation   2023 Jul 4, 5:06am  

richwicks says

Onvacation says

What caused the inflation?

40 years of war. The real purpose of war from the point of view of the Federal Reserve is to enslave the country through debt

So why are you blaming boomers?
183   DhammaStep   2023 Jul 4, 5:41am  

Bitcoiner says

Happy birthday to the greatest country on earth! Happy 4th

Oh fuck off. You have no problem with citizens being denied the right to work while celebrating Independence Day?
184   richwicks   2023 Jul 4, 6:18am  

Onvacation says


So why are you blaming boomers?

This is the generation that "won't get fooled again" that got fooled again over and over and over again. 7 times in just 20 years.

They saw the Pentagon papers, they knew the Gulf of Tonkin Incident was faked, but the insist every fucking war from 1980 onward was justified. The watched the Church Committee hearings, that was in 1975. I was 4 then, and I know about them. That had Operation Mockingbird revealed in it, it revealed the existence of MKUltra, Project SHAMROCK, and COINTELPRO. Our government has been doing surveillance on the population since the 1960's.

This is the make peace not war man generation that moved on to greed is good that moved on to turn the middle East to glass generation that is now Slavi Ukraini.

99% are completely brainwashed. These are the people that still think television has news. They are just frustratingly selfish and or easily controlled and they are very corrupt. Who is running the country now? Generation X? The Silent Generation? They've been in power since the 1980s. FINALLY the USSR collapsed. Where's the peace dividend?

There's been nothing but malinvestment since 1990. There hasn't been ANY accountability in government since the Savings and Loan Scandal.

I can see this this, I'm in X. If I tell a boomer that the 1993 WTC bombing was done by the FIB, explain who Emad Salem is, I'm just called "crazy" by them. If I point out that 9/11 was our Reichstag fire, explain all the "mistakes" both the FIB and CIA made, again, I'm crazy. If I point out that the Douma Chemical attacks were faked and explain what the TWO OPCW whistleblowers said, again... If I point out that Bana al-Abed COULDN'T have been in Aleppo, I'm just paranoid. If I explain this is why we know the US overthrew Ukraine in 2014, I'm just talking nonsense.

For over 20 years I've spotted the propaganda, and good luck convincing anybody in the boomer generation. My generation isn't much better, but it's better, and younger and younger are smarter are smarter and smarter. The boomers ought to know better. They saw the Gulf of Tonkin was faked in 1971. The - year I was born.

They are frustratingly gullible, and they have 100% faith in this government by and large.
185   Tenpoundbass   2023 Jul 4, 6:26am  

Tell the California Legislators to ease up on oppressive taxes, and trim down big government

Or

Blame everything on Boomers, and make every problem in California about a Property tax law.

hmmmmmm Tough Choice tough choice! We do like to bitch about old people, and well those taxes aren't going to pay themselves!
186   Tenpoundbass   2023 Jul 4, 6:31am  

On a serious question though. Doesn't every homeowner enjoy the tax benefits of Prop 13 or is it just Boomers that get it?
If every homeowner has a tax break, then why single out the Boomers? If the tax break is based on age, then why are the younger folks so shortsightedly stupid, to not realize it will benefit them too one day?

All tax fights are between the Citizens and the Government, it either takes a special kind of stupid tax base to make it about those fitting through loopholes and benefiting from them. It takes a diabolical Government that can make tax laws that has people looking the wrong way, when they don't like it.
187   WookieMan   2023 Jul 4, 7:11am  

Tenpoundbass says

Tell the California Legislators to ease up on oppressive taxes, and trim down big government

Or

Blame everything on Boomers, and make every problem in California about a Property tax law.

hmmmmmm Tough Choice tough choice! We do like to bitch about old people, and well those taxes aren't going to pay themselves!

Eh, most boomer pay ZERO taxes. 2 main reasons.

One being pensions. https://www.brookings.edu/articles/public-service-and-the-federal-government/ You have 15% of the population working for the FEDERAL government. That doesn't include the likes of teachers, fire fighters, cops, etc. on the local level. 30% of the Boomer probably have government jobs and pay no taxes on their pension.

Two being the ones still working are likely working at Target or Home Depot making $35-40k and supplementing life with SS. Likely not paying taxes. That's probably another 30-40% of the boomers.

So you're left with 30% of Boomers paying taxes. Of those most of that is business and the kids are running it. Boomers don't pay taxes for the most part besides a select few.

I don't like generational arguments. Rich is right and the Boomers fucking up a lot. I wasn't able to vote until 2004 for a POTUS election. I didn't vote. Voted Obama in 2008, but in hindsight it wasn't even a better of two evils vote. It was evil or evil. Same in 2012, but I voted for Romney that time. Voted Trump the last two.

Fact is the Boomers have been in charge of the country for the last 3-4 decades. They are the leadership. It hasn't been good. That's undeniable. Fact is we need age limits on the top end in government. Does anyone think Joe Biden is functioning? John McCain? Bobby Rush? Check this out: https://www.youtube.com/watch?v=ymnSRJmHsTc House rep for one of the most violent areas in Chicagoland. Boomer. Their mental acuity is going. 3 decades of this fool and he couldn't clean up his part of Chicago.

While advancements have been made over the last 3 decades, most of it was from kids graduating in the mid 90's to 2010. Like or hate Apple, Steve Jobs didn't make the iPhone. It was 30-40 year old engineers at the time. Even the idea wasn't Jobs'. Meanwhile the war mongering Boomers were keeping wars going for 20 years.... that made ZERO difference to 99% of Americans.

Every generation and demographic has their faults. I could keep going but this is already a long comment. I'm old enough to remember 70 years olds when they were 50. They're not remotely the same mentally. It's a stark transition and we'll all have to go through it at some point. They shouldn't be "leading" though.
188   stereotomy   2023 Jul 4, 7:40am  

richwicks says

This is the generation that "won't get fooled again" that got fooled again over and over and over again. 7 times in just 20 years.

They saw the Pentagon papers, they knew the Gulf of Tonkin Incident was faked, but the insist every fucking war from 1980 onward was justified. The watched the Church Committee hearings, that was in 1975. I was 4 then, and I know about them. That had Operation Mockingbird revealed in it, it revealed the existence of MKUltra, Project SHAMROCK, and COINTELPRO. Our government has been doing surveillance on the population since the 1960's.

Hard times make hard men. Hard men make good times. Good times make weak men. Weak men make hard times. Lather, rinse and repeat.
189   GNL   2023 Jul 4, 7:52am  

richwicks says


GNL says


I think there is a plan and the plan is to reduce all consumption. Only the higher classes will own (eventually) RE. This is my generational opinion.


What part of You'll Own Nothing and Be Happy don't you people understand?

Eventually people will start demanding higher taxation on single family homes. If you don't think Prop 13 in California will be over-turned, guess again. Basically, the boomer generation sold the young generation into slavery and they will have to actually overthrow the government to correct it, that's why they are so pressed to be indoctrinated.


IMO, if/when there is a revolution, the targets will include anyone who is rich. Rich being different to each person but generally people who have more than most. This is human nature. My wife and I watched a movie called "First they killed my father". It was a movie about Cambodia and the Khmer Rouge. In my estimation, Pol Pot did not like the gap between the haves and the have nots. Simple as that.
190   GNL   2023 Jul 4, 8:02am  

Bitcoiner says


GNL,

“IMO, if/when that is a revolution, the targets will include anyone who is rich.”

If we could wait with the revolution until 50 years from now…..I’d appreciate it. I am working on growing my rental investment business and trying to get into the vacation rental market. A revolution sounds disruptive.

I'm happy for you. BUT, it's people like you that really don't get it. People like you could easily become targets. Especially since all you do is run around beating your chest.
191   just_passing_through   2023 Jul 4, 8:05am  

GNL says

I'm happy for you. BUT, it's people like you that really don't get it. People like you could easily become targets. Especially since all you do is run around beating your chest.


That's why I drive a beat up 21 year old car. I'll be buying a newer one soon but plan to keep this on up on blocks in my front yard for use when cannibal anarchy breaks out.
192   just_passing_through   2023 Jul 4, 8:06am  

Eric Holder says

Tax fraud maybe?


Interesting idea!

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