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re: Airbnb/rental covid relief
Posted on 4/29/20 at 11:43 am to lsuguy13
Posted on 4/29/20 at 11:43 am to lsuguy13
quote:
Are there any programs out there to help with loss income for Short term rentals?
My dad has a few units in New Orleans and is getting destroyed on them. Any help is appreciated. Thanks
It's sad that people feel entitled to a bailout after over-leveraging themselves.
Pigs get fat, hogs get slaughtered. Your dad shouldn't have been so greedy.
He should sell his properties before going bankrupt.
3
Posted on 4/29/20 at 12:18 pm to LSUnn04
quote:
He should sell his properties before going bankrupt.
I don’t think he’s too worried about that
Posted on 4/29/20 at 12:20 pm to LSUnn04
I don’t think calling him “greedy” is the right term at all. He’s a very successful businessman and has his hand in different revenue streams.
Posted on 4/29/20 at 1:15 pm to LSUnn04
I agree, sell now. I don’t think Airbnb will rebound in Nola for quite awhile. If not, look into long term tenants, but make sure they are screened as there is the moratorium on evictions. I feel for your dad though, I owned 2 Airbnb’s in Nola, but sold after all the regulations from city hall. Your dad needs to be flexible.
This post was edited on 4/29/20 at 1:20 pm
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