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re: Anyone here have experience with full time airbnb rentals?
Posted on 3/10/17 at 10:09 pm to RabidTiger
Posted on 3/10/17 at 10:09 pm to RabidTiger
Yes, like hotels, or anything really, the price is variable. You aren't renting out jazz fest and bayou classic the same rate are you? Better yet, bayou classic is the best week to perform maintenance on your rental...
2
Posted on 3/10/17 at 11:53 pm to birdieman
quote:
Better yet, bayou classic is the best week to perform maintenance on your rental...
Posted on 3/23/17 at 12:43 pm to birdieman
To those of you who do this full time, do you use a professional maid service or have your own? As y'all know I picked my own a few weeks ago and it's looking like it's going to work out really well. The only issue I have is I have several bookings that need to be turned over in just a few hours. My regular maid can't keep up. Any advice?
Posted on 3/23/17 at 1:04 pm to LSU5508
You are probably best off using a maid service until you have multiple properties. $60/ pop and having them every day of the week is going to be tough on a single person. It's not enough money for them to change their week around for and various days they can't plan on.
The review system for Airbnb and vrbo pisses me off only using 1-5 stars. It should of anything be out of 10, but preferably out of 100. It's absurd to either mark a property basically perfect at 5, while 4 stars is very frowned upon. 4 stars would be like an 80, there should be some dang lee way between that and perfect.
The review system for Airbnb and vrbo pisses me off only using 1-5 stars. It should of anything be out of 10, but preferably out of 100. It's absurd to either mark a property basically perfect at 5, while 4 stars is very frowned upon. 4 stars would be like an 80, there should be some dang lee way between that and perfect.
Posted on 3/23/17 at 1:05 pm to LSU5508
I have multiples of everything (sheets, towels, etc) so that she can turn the unit over in an hour. I keep my units very simple and low maintenance. If she can't make it I shoot over and take care of it.
Make your check out time 10am check in something like 3pm. And don't let people take advantage of you on that. On your ad state that there is an $50 per hour fee for late checkout. Same to checkin early. That will cut down on those that ask to check in at 9am even though you still have previous night guest still there. A lot of Airbnb customers just can't wrap their minds around this isn't a hotel and you can't accommodate every schedule quirk they have.
Best advise you will ever get re Airbnb....you will get emails from people want x number of dollars off of your listed price. Never accept those types as guests. In general, if they want/need a discount you do not want them as a guest. They are always a pain in the butt to deal with.
Make your check out time 10am check in something like 3pm. And don't let people take advantage of you on that. On your ad state that there is an $50 per hour fee for late checkout. Same to checkin early. That will cut down on those that ask to check in at 9am even though you still have previous night guest still there. A lot of Airbnb customers just can't wrap their minds around this isn't a hotel and you can't accommodate every schedule quirk they have.
Best advise you will ever get re Airbnb....you will get emails from people want x number of dollars off of your listed price. Never accept those types as guests. In general, if they want/need a discount you do not want them as a guest. They are always a pain in the butt to deal with.
Posted on 3/23/17 at 1:17 pm to birdieman
Yeah Birdieman knows his stuff.
If you only have 1-2 beds, absolutely have 3-4 sets of sheets. If you have a bunch, at least have 2 but preferably 3 sets. Have multiple preferably at least 3 sets of towels. Have a set being used, a set for next time, a set needing washed, and a set as a back-up. If you invest in this, your life and your housekeepers job becomes incredibly easy and reduces the stress tremendously.
Eta: I also price in everything I replace/ use during a cleaning into the cleaning fee. The nightly rate is just for income/ expenses like utilities. So if a set of sheets lasts you 25 washes and you buy them for $100/ set that's $4/ turn. Anything else you supply like towels, soap, etc. Track those expense that way plus your cleaning costs/ laundry cost. Then I add 10% for inflation and unforeseen future expenses. If you make a reservation a year in advance your expenses may go up quite a bit especially as you are starting out.
If you only have 1-2 beds, absolutely have 3-4 sets of sheets. If you have a bunch, at least have 2 but preferably 3 sets. Have multiple preferably at least 3 sets of towels. Have a set being used, a set for next time, a set needing washed, and a set as a back-up. If you invest in this, your life and your housekeepers job becomes incredibly easy and reduces the stress tremendously.
Eta: I also price in everything I replace/ use during a cleaning into the cleaning fee. The nightly rate is just for income/ expenses like utilities. So if a set of sheets lasts you 25 washes and you buy them for $100/ set that's $4/ turn. Anything else you supply like towels, soap, etc. Track those expense that way plus your cleaning costs/ laundry cost. Then I add 10% for inflation and unforeseen future expenses. If you make a reservation a year in advance your expenses may go up quite a bit especially as you are starting out.
This post was edited on 3/23/17 at 1:23 pm
Posted on 3/23/17 at 1:21 pm to baldona
Anybody doing this in BR and had good success?
I have a small condo near the lay lakes coming up this spring. I have always used it as a long term rental, but have been thinking about airbnb.
I have a small condo near the lay lakes coming up this spring. I have always used it as a long term rental, but have been thinking about airbnb.
Posted on 3/23/17 at 1:32 pm to eng08
Regarding BR.....there are always people needing short term rentals, my diamondhead Airbnb unit stays rented mostly by people moving who need a place to stay for a month or two. The like having a furnished condo so they can cook, do laundry etc versus staying in a hotel til they can move in their house.
The best part is on Airbnb they pay upfront. You don't have to go beg for your rent money every month.
The best part is on Airbnb they pay upfront. You don't have to go beg for your rent money every month.
Posted on 3/23/17 at 4:44 pm to LSU5508
To any of y'all that are renting a place and the landlord let's y'all sublease it out, where are y'all finding these places?
I'm trying to do this in New Orleans and it's hard finding a place like this through normal channels
I'm trying to do this in New Orleans and it's hard finding a place like this through normal channels
Posted on 3/23/17 at 6:18 pm to kc8876
I'll be honest You really don't find anybody letting people sublease unless they are your friend or someone else you have a good relationship with. My employer owns a building and because of my relationship allows me to sublease a unit. we use it as a corporate apartment from time to time as well for the business.
Posted on 3/23/17 at 7:03 pm to kc8876
Yeah, most people aren't going to like subleasing. One of your best bets may be to find the owner managed units and offer them a greatly increased rental rate of 2-3x what a long term rental would get as a profit sharing incentive.
Posted on 3/23/17 at 7:47 pm to LSU5508
quote:
I'll be honest You really don't find anybody letting people sublease unless they are your friend or someone else you have a good relationship with.
Yeah, that's what it's looking like
Posted on 3/23/17 at 7:51 pm to baldona
quote:
Yeah, most people aren't going to like subleasing. One of your best bets may be to find the owner managed units and offer them a greatly increased rental rate of 2-3x what a long term rental would get as a profit sharing incentive.
Two or three times isn't gonna happen. That's 3 grand or more a month on a decent place, wouldn't make sense
New Orleans is killing me with this new rule that starts April 1st. I was ready to buy and start, but it's gonna be almost impossible to make any worthwhile profit now with this new policy they have unless you're in a commercial zone
This post was edited on 3/23/17 at 8:14 pm
Posted on 3/27/17 at 11:16 am to boatless2
Where's the rest of y'all in here that are renting and then subleasing it out?
How did y'all find these places ?
How did y'all find these places ?
Posted on 3/27/17 at 12:05 pm to kc8876
quote:
Two or three times isn't gonna happen. That's 3 grand or more a month on a decent place, wouldn't make sense
Ha, well exactly. Same reason it doesn't make sense to let you sublease it because they are taking on a huge risk for a long term rental rate. You are essentially acting as a property manager, but charging them a huge fee. Short term property manager's usually make 15-25% of gross rent. You are looking to make 75%. I'm simply pointing out, that's your issue.
Posted on 3/27/17 at 12:23 pm to kc8876
Honestly, by this point in time everyone knows the game. You aren't just going to walk into a sublease situation anymore. When I started really no one was doing it. My landlord didn't care because he was having trouble filling his apartments, not the case anymore. You are a few years late.... The property management offices now short term lease themselves, or make arrangements with third parties to rent out multiple units on the short term market.
Posted on 3/27/17 at 12:35 pm to birdieman
quote:
Honestly, by this point in time everyone knows the game. You aren't just going to walk into a sublease situation anymore. When I started really no one was doing it. My landlord didn't care because he was having trouble filling his apartments, not the case anymore. You are a few years late.... The property management offices now short term lease themselves, or make arrangements with third parties to rent out multiple units on the short term market.
Figured this, just looking to see what y'all had to say. Was gonna go this route until it becomes clear how these new rules are gonna go starting April 1st. Airbnb is supposed to be providing them the information on who's doing what, so the city will be able to enforce the new rules. I'm just gonna have to buy in a commercial zone somewhere since that's the only way you can do it unrestricted. Limits the places I can buy, but frick it
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