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re: Airbnb vent...I just started renting my apartment on airbnb

Posted on 4/17/14 at 2:02 pm to
Posted by NoSaint
Member since Jun 2011
11290 posts
Posted on 4/17/14 at 2:02 pm to
quote:

the whole thing is fraught with disaster.


i know of a current urban legend (may even be true) of a french quarter resident being sued for a pretty hefty sum for a slip and fall. because it was at an illegal rental, insurance told the owner he was on his own with any costs that arise from it.
Posted by Teddy Ruxpin
Member since Oct 2006
39584 posts
Posted on 4/17/14 at 2:03 pm to
quote:

you can def get great deals on either. we rented a bad arse place off vrbo by grand targhee on a ranch with huge teton view. 2br/2ba with huge den and kitchen for $110/night in peak ski season (spring break).



That is pretty nice.

I'm using it to rent a place in downtown Barcelona for $100 a night. Also looking to use it to rent a house on South Beach for a bachelor party, as it would come out to around $100 a person for the weekend. Also found some cool places in Thailand, its fun to play with because the site is well designed and visual.
This post was edited on 4/17/14 at 2:04 pm
Posted by Teddy Ruxpin
Member since Oct 2006
39584 posts
Posted on 4/17/14 at 2:05 pm to
quote:

i know of a current urban legend (may even be true) of a french quarter resident being sued for a pretty hefty sum for a slip and fall. because it was at an illegal rental, insurance told the owner he was on his own with any costs that arise from it.



The only reason I doubt this is true is because almost every AirBnB bad case situation is publicized extensively. We've had a few posts on it in the last few weeks already.

But that would really be a shite situation and something to look into if you are the person renting it out. I'd like to know if it happened because that is pretty huge.
This post was edited on 4/17/14 at 2:09 pm
Posted by CidCock
Member since Sep 2007
Member since Feb 2011
8631 posts
Posted on 4/17/14 at 4:11 pm to
I would use Airbnb as a renter, but can't imagine renting out my residence unless it was a rental property.

It's a great idea, but there are too many potential problems. The only way I can see it really working is if the property owner is aware that his place is being sublet and if airbnb does a background check to a user. Even this would be cost prohibitive, IMO.
Posted by nikinik
Mid City
Member since Jan 2009
5733 posts
Posted on 4/17/14 at 4:30 pm to
quote:

If I have a small child, is the neighbor doing a background check on these renters?


AirBnB DOES NOT background check, but I hate to break it to you...neither do most apartments and landlords.

quote:

How anyone would want to turn their apartment into a hotel is beyond me...


I've made over $10k and scored Voodoo artist credentials all since November. I love doing it. I don't rent to anyone under 25. I've rented to mostly couples, small families and professionals, or older groups.
This post was edited on 4/17/14 at 4:31 pm
Posted by CidCock
Member since Sep 2007
Member since Feb 2011
8631 posts
Posted on 4/17/14 at 4:31 pm to
quote:

nikinik


I have lived in 2 apartments in my life, both background checked.
Posted by CidCock
Member since Sep 2007
Member since Feb 2011
8631 posts
Posted on 4/17/14 at 4:32 pm to
quote:

I've made over $10k


I don't have any problem with you doing it. I would have a problem with it if I lived next door to you in an apartment complex and you rented to a sex offender.
Posted by nikinik
Mid City
Member since Jan 2009
5733 posts
Posted on 4/17/14 at 4:35 pm to
quote:

I have lived in 2 apartments in my life, both background checked.


You sure. I'm not talking about credit checked. I'm talking about true background checks.

And background checks usually aren't done for short term rentals? Do you have people pulling your credit and arrest history to rent a beach condo for a week? No.
Posted by NoSaint
Member since Jun 2011
11290 posts
Posted on 4/17/14 at 4:37 pm to
quote:

I'd like to know if it happened because that is pretty huge.


part of why i mentioned it - ive heard the story around town once or twice and im not sure if its true or just a myth from the anti-airbnb crowd.
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32530 posts
Posted on 4/17/14 at 4:38 pm to
quote:

CidCock


I'm living in an apartment in New Orleans right now, and I didn't even meet the landlord before I signed the lease.
Posted by jsquardjj
Member since Oct 2009
1317 posts
Posted on 4/17/14 at 4:41 pm to
I bought a duplex uptown just for this purpose. So far, it has been the smartest decision I can think of. I have vacation rental insurance so no worries there.

I have been doing it a little over a year and only one problem since (guests trashed the place for Mardi Gras) but airbnb issued me a $500 credit for the trouble.
This post was edited on 4/17/14 at 4:42 pm
Posted by NoSaint
Member since Jun 2011
11290 posts
Posted on 4/17/14 at 4:43 pm to
quote:

vacation rental insurance so no worries there


does that really not run into issues with it not being legal to do vacation rentals in new orleans?
Posted by jsquardjj
Member since Oct 2009
1317 posts
Posted on 4/17/14 at 4:45 pm to
According to the insurance agent, it is not a problem.
I explained that I did not have a business license and what I was using it for and they said that as long as I insured it for the correct purpose, it would be covered.

Then again, insurance agents are shady so who knows.

Airbnb does offer all hosts a 1,000,000 insurance guarantee and all of the horror stories I have read end up in airbnb covering the host.
This post was edited on 4/17/14 at 4:47 pm
Posted by NoSaint
Member since Jun 2011
11290 posts
Posted on 4/17/14 at 4:51 pm to
interesting info on both fronts.

it still seems in the back of my head that its taking a pretty big risk that if you are partaking in illegal activity and the bill comes due the others may step away.

it might be worth checking into those stories and see if airbnb backed people that were doing it in cities where they technically were not allowed. (i dont care enough to research since im not renting to anyone)
Posted by Chicken
Jackassistan
Member since Aug 2003
22028 posts
Posted on 4/17/14 at 4:55 pm to
quote:

I've made over $10k and scored Voodoo artist credentials all since November. I love doing it. I don't rent to anyone under 25. I've rented to mostly couples, small families and professionals, or older groups.
is this your full time residence or a rental property?

not a big deal if it is a rental property...if this is where I live full time, I can't imagine letting complete strangers live there...
This post was edited on 4/17/14 at 4:57 pm
Posted by Sophandros
Victoria Concordia Crescit
Member since Feb 2005
45218 posts
Posted on 4/17/14 at 9:41 pm to
quote:

As someone who rented a place from airnbnb for over a month. I never had a background check performed on me during the process.



They typically don't. So the complex and other tenants have a valid point against the OP.
Posted by Sophandros
Victoria Concordia Crescit
Member since Feb 2005
45218 posts
Posted on 4/17/14 at 9:48 pm to
quote:

but I hate to break it to you...neither do most apartments and landlords.



Every apartment I've rented (and I haven't rented in about a decade) did a background and credit check.

I'm very familiar with a few real estate firms who do property management, and all of them perform background checks.

In fact, no one who rents doesn't perform a background check because if the tenant doesn't pay the rent (or worse), the owner is screwed.

Posted by nikinik
Mid City
Member since Jan 2009
5733 posts
Posted on 4/18/14 at 7:41 am to
quote:

quote: I've made over $10k and scored Voodoo artist credentials all since November. I love doing it. I don't rent to anyone under 25. I've rented to mostly couples, small families and professionals, or older groups. is this your full time residence or a rental property?


It's my full time residence. When I have renters, I just go stay with my boyfriend or a friend. I hate clutter, so I really don't have a lot of "stuff" that I'm worried about. I take with me the few valuables that I have. The most expensive thing that I have in my house when I leave is my All Clad pot set. LOL
Posted by fatboydave
Fat boy land
Member since Aug 2004
17979 posts
Posted on 4/18/14 at 7:52 am to
quote:

Need to change the title to Shitty Neighbor Rant


Nothing worse than a shitty neighbor!
Posted by NawlinsTigah270
Mile High
Member since Jun 2008
13115 posts
Posted on 4/18/14 at 8:54 am to
I have my place in Denver rented out via AirBnB when I'm going to be in Europe and it is basically paying for my entire trip
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