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Started By
Message
re: The AirBNB experiment may soon be over
Posted on 6/27/23 at 6:30 pm to stout
Posted on 6/27/23 at 6:30 pm to stout
I make $20k per year in Airbnb here in Oxford and love it. And if I ever travel solo, I get one - normally half the price of a hotel room. I don't need all the perks of a hotel most of the time - just give me a bed snd a shower.
0
Posted on 6/27/23 at 6:33 pm to stout
The actual company was genius
It was a glorified Craigslist page where their rake was 80%
It was a glorified Craigslist page where their rake was 80%
Posted on 6/27/23 at 6:34 pm to stout
quote:
Must be in a desirable location and priced fairly
The Bywater is artist/hippie Mecca. To keep it booked I'm probably 15-20% below market. 70% repeat business.
Posted on 6/27/23 at 6:35 pm to nugget
quote:
don’t understand going to San Diego with my wife for the weekend and staying at some dudes townhouse.
Im staying in an Airbnb house in San Diego next month with wife and kids. Way more expensive than a hotel room but I wanted the space and it’s a couple blocks from beaches
Posted on 6/27/23 at 6:35 pm to bayoudude
quote:
Yep last one I stayed in had a $60 damn parking fee for the condo and a $200 cleaning fee so a $250 a night condo cost me $900 for two nights after all the extra fees and taxes
I didn’t realize no one has stayed in a hotel recently. The good news is they don’t have things like internet fees, parking fees, cancel anytime fees, etc.
Posted on 6/27/23 at 6:36 pm to stout
Airbnb was badass when it started out but then every Joe blow started to use it as a get rich quick scheme with absurd cleaning fees then still would have you clean the place up before you leave. All while the customer service dropped off a cliff
Posted on 6/27/23 at 6:38 pm to stout
quote:
They lost their way with pricing and fees.
Probably the biggest issue but HOAs and municipalities restricting short-term rentals probably didn't help either.
Posted on 6/27/23 at 6:39 pm to bayoudude
quote:
a $200 cleaning fee
I manage one. I actually lose money on my $200 cleaning fee. My cleaner charges me $250 each clean. She’s great but that shits expensive and I don’t want to stick that on my guests or I’d never get rentals.
Posted on 6/27/23 at 6:40 pm to stout
We only AirBnB when traveling outside the country.
U.S. folks got plum damn stupid with all the “cleaning” and other BS fees.
U.S. folks got plum damn stupid with all the “cleaning” and other BS fees.
Posted on 6/27/23 at 6:40 pm to baldona
quote:
didn’t realize no one has stayed in a hotel recently. The good news is they don’t have things like internet fees, parking fees,
Meh. Internet is becoming free more often. Parking is hit or miss.
The point still stands that STR market is ate up with the dumbass on fees
Posted on 6/27/23 at 6:41 pm to stout
To echo everyone else, ABNB used to be awesome. Then people started purchasing properties with the goal of listing it on ABNB, and everything started going to shite as it got crazy expensive relative to what you got. At this point, the only time the wife and I use ABNB is for trips in the countryside with daily driving, areas like Napa, Austin hill country, etc, etc. If we're in a city proper, we're staying in a hotel 100% of the time.
Posted on 6/27/23 at 6:43 pm to stout
quote:
Might be a wave of forced selling from Airbnb owners later this year.
Oh no!
Anyway.
Posted on 6/27/23 at 6:44 pm to stout
Well we’re in a recession so yeah
Posted on 6/27/23 at 6:45 pm to High C
quote:yes, greed (via rates & fees) but also market saturation combined with the loss of consumer confidence in the Biden economy resulting in less luxury goods/services spending. Which an vacation rental is.
Greed screws up a good thing again.
Amenities ain't shite when 'yo one of the poors.
Posted on 6/27/23 at 6:47 pm to stout
Not sure I would call a company with a 81Billion market cap an “experiment”.
Possible reasons for that data:
2022 was one of the larger pent-up Travel demand years of all time.
That shows revenue per listing. Overall, city revenue can still be higher year over year, but lower per listing, meaning there are more airbnbs than ever and that over saturation is hurting individual listings.
Possible reasons for that data:
2022 was one of the larger pent-up Travel demand years of all time.
That shows revenue per listing. Overall, city revenue can still be higher year over year, but lower per listing, meaning there are more airbnbs than ever and that over saturation is hurting individual listings.
Posted on 6/27/23 at 6:47 pm to I20goon
quote:
consumer confidence in the Biden economy resulting in less luxury goods/services spending. Which an vacation rental is.
That’s been very slow to happen if at all in many areas.
Posted on 6/27/23 at 6:49 pm to stout
we just booked a vacation rental and checked AirBNB vs Vrbo, and Vrbo was considerably lower for the same properties on the same dates but I've also seen it the other way as well
This post was edited on 6/27/23 at 6:51 pm
Posted on 6/27/23 at 6:59 pm to Don Quixote
For beach houses a lot of times you can google the name once you find it on Airbnb or vrbo then get direct contact info
Posted on 6/27/23 at 6:59 pm to BigBinBR
quote:
Yep. People finally realized that the fees were all bullshite. For example: $200 cleaning fee for 2 nights, but you have to take all the trash to the road, strip all the sheets off the bed and put them in the washing machine,
There’s more to it than simple greed and milking every last penny out of the customers.
People take advantage of AirBnB’s lack of oversight. A rental intended to sleep 6 people often has a dozen or more guests. They are used as weekend party houses, and even those that abide by the occupancy rules often leave them a mess after only a few days.
The additional fees probably pad the profits of many owners, but they also protect a lot of them from unruly guests. It’s like most things involving the public. AirBnB was great at first, then the trashy elements of society infiltrated the arena.
Posted on 6/27/23 at 7:00 pm to nugget
quote:
High C
Greed screws up a good thing again.
quote:
If you’re running a 0% vacancy rate for years on end you don’t even have it priced close to properly.
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