Should we do airbnb?

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Forum -> Household Management -> Finances

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amother

Wed, May 19 2021, 1:38 pm

Our tenant is moving out of our duplex (2-units), where we live, and my husband would like to try to rent it on airbnb. He believes we’ll get more income than a long term tenant as travel picks up. It would be great if anyone who has experience renting apartments on airbnb would let me know if whether or not this is a good idea.

amother

Maroon

Wed, May 19 2021, 1:41 pm

A lot depends on your location. For example, if you are in an area that is a destination for tourists on a regular basis, or an area where lots of people need places to stay because of traveling in for weddings etc.

scruffy

Wed, May 19 2021, 1:50 pm

Before you consider, check your local zoning laws. I've heard there can be issues with that.

amother

Wed, May 19 2021, 2:08 pm

We’re in a major market. Zoning allows airbnb on a limited basis. I’m wondering if it’s safe and something we should try.

amother

Mustard

Wed, May 19 2021, 2:13 pm

Some things to consider:

-Do you want random people living in the same house as you?
-Wear and tear on the house and furnishings

My husband does airbnb but it is really only financially helpful in our case for the depreciation. Monthly we would make more money renting it out long term.

watergirl

Wed, May 19 2021, 2:16 pm

Keep in mind, air bnb will not let you discriminate who you will rent to. Meaning, you may very well end up with people treifing up your kitchen, non-shomer shabbos, etc.

Race, Color, Ethnicity, National Origin, Religion, s-xual Orientation, Gender Identity, or Marital Status

Airbnb hosts may not:
Decline a booking based on race, color, ethnicity, national origin, religion, s-xual orientation, gender identity, or marital status.
Impose any different terms or conditions based on race, color, ethnicity, national origin, religion, s-xual orientation, gender identity, or marital status.
Post any listing or make any statement that discourages or indicates a preference for or against any guest on account of race, color, ethnicity, national origin, religion, s-xual orientation, gender identity, or marital status.

https://www.airbnb.com/help/ar.....olicy

amother

Taupe

Wed, May 19 2021, 2:20 pm

Remember the airbnb fee and taxes as well.

amother

Tan

Wed, May 19 2021, 2:39 pm

Also you will need to keep cleaning and tidying the place on a constant basis, after each guest. Remember unless you are living in a high tourist attraction area, it very likely you will have large chunks of the year where it is empty and you aren't making any money.

Blessing1

Wed, May 19 2021, 2:56 pm

I think it will cost you so much to upkeep and maintain, that you won't stay with much profit. You also can't choose your guests and you can't know what type of people will end up staying there.

simcha2

Wed, May 19 2021, 2:58 pm

Can you and dh agree to a short term trial? Six months or a year. See how it goes and then if it is not profitable, too much upkeep etc you can reassess.

amother

Taupe

Wed, May 19 2021, 3:03 pm

amother [ Tan ] wrote:

Most hosts charge cleaning fees in addition to rental costs.

amother

Wed, May 19 2021, 3:26 pm

After reading all the replies I’m not going to go ahead with the Airbnb. Thanks

amother

Puce

Wed, May 19 2021, 3:32 pm

Personally I would do airbnb. I have family members and I'm making very nice money on it, and it's very easy to rent out. I would love to buy a house just to do Airbnb on.

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