36 to 26 is tough. I feel like years ago airbnb was worth it, now long term rental is looking more appealing. TY for being transparent!!
@pipperlue4 ай бұрын
I love the way you allow your opinion on things to change over time. It’s humble and refreshing and your intelligence is impressive
@victorcretu77414 ай бұрын
That means Shelby is a mutable sign (Gemini, Virgo, Sagittarius, or Pisces). Most probably she's a Gemini ( she also seems Mercurial)
@merrimcarthur71984 ай бұрын
@@victorcretu7741 It means that she's an intelligent woman who understands that life is a series of changes and is unafraid to change along with said life. Also, astrology is far more than just your sun sign....if you believe in those things.
@brianxyz3 ай бұрын
@@victorcretu7741 She's Aquarius.
@victorcretu77413 ай бұрын
@@brianxyz I know. Feb 10, if I well remember.
@brianxyz3 ай бұрын
@@victorcretu7741 👍
@floridaflipsters4 ай бұрын
Love your authenticity and transparency on this topic! 🙌🙌My husband and I ran an airbnb for a couple years and finally broke down the numbers on short term vs long term and realized it was only making us like $250 extra a month short term. It wasn't worth the headache and as soon as we switched to a long term tenant our mental sanity came back.💃so yes I 1000% agree that airbnb is not passive and personally felt like we were always on call. Only worth it if you get to go enjoy the home yourself from time to time!
@EMSpdx4 ай бұрын
I did AirBnB when I first bought my home and it was the original intent- staying AT someone's home. It was easy- most of my tenants were airline personal and staying with me was cosier and easier than staying a hotel. My guest room was super cozy with freshly laundered linens, a mini fridge, fresh greenery or flowers, continental breakfast and fresh Stumptown coffee. It was fun, tbh. I did make money- but after expenses it just basically covered the mortgage. I stopped during the pandemic and I don't think I will do that type of rental again.
@freefalljones4 ай бұрын
Has it already been three years we’ve been following your AirBnB journey? Appreciate all the updates and showing us the numbers behind running the house.
@joannathatcares4 ай бұрын
Original idea of rbnb was to rent a couch in somebody s house as cheaper stay in than any hotel. That's how we visited all Europe for half of prices of hotel. Then people turned it to luxury resort
@glennlrwАй бұрын
Yes! This is what I remember. Renting a couch, cheaper than a motel. Now you have to try to outdo everyone else and make it a luxury resort or a unique place to escape to. They need to change the name from AirBNB to LuxRent.
@murraypollard4 ай бұрын
A lot of people went into the market thinking it was an easy way to get rich. You've now discovered what did years ago about having rental homes. (Mine were not short term rentals, mine were minimum 1 year leases.) I sold them, it's a LOT of work for the return. Better to buy an S&P 500 fund. Last year the return was over 22%. Contribute money into it monthly.
@bitcoinisfreedommoney.fckt26634 ай бұрын
Returns in bit_coin blow out those of the S&P and have done for 15 years and will continue to do so
@claudiasimon66064 ай бұрын
Great video. Another thing to consider is that property managers often charge 25%, which can eat up your entire profit after all other expenses are paid. Moreover, they will never care about your property like you do. When I visit my house, I always find numerous items that need repair like a leak in irrigation system, broken blinds, stains on fabric, non-lighting burners, etc. I was hoping to hire a property manager and never worry about the property but that hasn’t been the case. At least yours seems to be aware and attentive.
@shelbychurchvlogs4 ай бұрын
It's true property managers charge a much higher fee than long term renting. I've found my property manager takes SUCH good care of my house. she's always noticing things that need fixing and taking care of it, it's soooo nice! But I think a lot of the larger property management companies don't really care
@Courtney-Alice-Gargani4 ай бұрын
AirBnB is not for me. I'm investing in stocks. I have my winners and losers.
@anthonywood85874 ай бұрын
It’s not a this or that choice. Invest where you have the best opportunity for better than market average growth. Take what the market is giving you. It changes, they all have risks, and they all have different personal time commitments.
@exploringfindeverything4 ай бұрын
Shelby, I really enjoyed your video today and I'm glad it was so straight forward and spoke the truth. Thanks for taking the time in sharing!
@kdfooaijfea3asdf4 ай бұрын
Another thing to think about when you operate an AirBnB, aside from dealing with entitled customers, is that it can negatively affects your neighbors and your neighbors might complain. I lived in a duplex condo and the owner upstairs started renting out some rooms as AirBnB without telling me. I complained to her because I started seeing strangers going in and out of the front porch (which was owned by my unit and is supposed to be only for residents) with luggage, and sometimes these AirBnB customers would hang out on the porch. On the flip side, I booked an AirBnB recently and the owner had to give extremely detail instructions to finding the apartment because they had customers who ended up knocking on neighbors' doors or parked at the wrong spots. That AirBnB owner basically said the neighbors can get really nasty. Invest your money elsewhere. Not worth it.
@stephanielewis64614 ай бұрын
I think another ethical way of owning an airbnb is renting out your guest suite of the home you already live in. Like a renovated garage or barn or similar!
@notanotherone55644 ай бұрын
Well a lot of that is banned too thanks to the clowns who thought Airbnb bans were a good idea. So now people who could rent out their guest houses won’t. And those who do, will charge astronomical prices. The house always wins.
@EMSpdx4 ай бұрын
That's how Airbnb started and that is what I did! That's actually what majority of people did before the investment rush.
@kathleenmahanwilliams74914 ай бұрын
The same for me! My income from the BnB pays my mortgage! That is a win for me!
@ToddDesiato4 ай бұрын
I still think you should just live there. You designed it to your liking, and it's a gorgeous home. LA is nuts, IMO.
@NormanF624 ай бұрын
Shelby, with any real estate investment you have, you face fixed costs. If you were going to run your place as an ALR, it wouldn’t be a vacation home because older people would live there full time and you’d either be an administrator or hire someone to run the place as one and have a full time staff to look after residents’ needs. No matter what model you have, it isn’t going to be a set up and forget type of investment where you have to do it only once and you can walk away or automate it. Thanks for drawing our attention to things people don’t think about they do need to pay attention to. This isn’t a business for everyone but for some people, it could be the right fit.
@Bb_10874 ай бұрын
I completely agree with everything said in this video, especially that unless you’re getting into this to have a vacation home, it’s NOT worth it. That’s the mentality I went into for our Airbnb and im prepared for those months when the bookings do not cover the expenses, that just means we will be vacationing there ourselves. 😊
@devonloerop4 ай бұрын
Airbnb itself definitely has a cap unlike KZbin, BUT I think the two combined has massive potential. I document myself building unique experiential type homes, work with brands to cut down on building expenses and get some really cool amenities for a crazy discount. Then once I finish the home I list my construction plans for sale, so I get a little extra margin (like you mention with digital sales side of things), secondly I can sell the plans for an incredible discount (providing tons of value to purchasers), and then the often DIYers have a set of videos to see generally how to build the home! Meanwhile while you build you're indirectly marketing your home to people that might come out and stay. Tons of value provided across the board, I get some extra cash to help fund more builds, viewers get a fun story to watch and a dirt cheap set of construction plans for a really cool home!
@SamiLoft4 ай бұрын
Thank you for being so transparent about it
@pumuckl04 ай бұрын
Besides the local council, individual buildings can implement bans at any time. Airbnb is not allowed in the building we live in. If building managers get too many Airbnb related complaints they can just decide to ban it altogether.
@mallorygraf85744 ай бұрын
Here in Ocean Beach (San Diego) some old man got around the rules and regulations by buying the homes that were for sale and then convincing (or paying off) his friends and family to tell the city that they owned the property. He ended up owning over 50 homes if not more and using them as AirBnBs! Completely changed the vibe of the neighborhood. 😌 If you know anything about SD city government, they move slow so it took them a while to catch on until the media got wind of this story last year. SMH! The sad thing is that once he bought the homes or apartment complexes he was evicting young families and young and old military vets. 😲
@rw90194 ай бұрын
I agree, it's too much like being in the hotel business. Certainly not passive, higher liability, more paperwork. Always an issue going on even though mostly small. After 8 years, im letting it go and sticking to long term, more predictable.
@mikaelekeni2 ай бұрын
This was so insightful! I'm so glad I saw this before jumping into the AB&B space...
@brucefreeman52074 ай бұрын
This is a great video and all of your points are spot on, but I'm going to play a little devil's advocate. True cashflow is hard to come by with any type of rental unless you've been in the property for years before the housing boom started and interest rates soared. But there are other benefits beyond cashflow, you're owning an appreciating asset that you get to take depreciation against for your taxes. If you have other income streams, you can write-off some of your taxes if you have material participation in running your rental but this can't be done if you need to hire a property manager. A cost segregation study allows you to accelerate and take bonus depreciation during your first year of operation. Does it take some of your time to run this type of business, absolutely but I am willing to put my time into my own business over putting in my time for someone else.
@edwardbenavides56204 ай бұрын
Great video. The only thing I wish you would have touched on is that Airbnb can and has removed host based on their ever changing policies. Sometimes it feels as if the home belongs to airbnb and not you the owner. Makes the business even more risky.
@PSCA19883 ай бұрын
Stop changing your policies so often. That's shady! Also, did you ever stop and think that maybe it's not a home anymore but more like a hotel? 🤔 You can't operate a hotel in a residential neighborhood!
@dwalker51754 ай бұрын
I’ve done the short term rental thing. You are spot on. Best outcome is defraying your cost of a second home that you use.
@RealJonSarge4 ай бұрын
I want an Air BnB so i can travel in a van but still own a home so when I want to settle down I can.
@bitcoinisfreedommoney.fckt26634 ай бұрын
Learn about B i t coin instead
@lachlannaeАй бұрын
The "cap on income", that is a point I hadn't heard. I was happy I'd already thought of the other 3. This is useful. Thank you.
@Courtney-Alice-Gargani4 ай бұрын
$800 a year for LLC. CA loves to take their residence money. Hahah
@home-space4 ай бұрын
Yes. Sounds very very high. Especially as most are submitted online.
@dude2473164 ай бұрын
Very informative video!! I really enjoy all the details you mentioned and I never thought about all the extra cost. thanks!
@W001-k8f3 ай бұрын
Shelby, thank you for always keeping it real. You're also so incredibly smart and insightful.
@Outofthelimits4 ай бұрын
Appreciate you keeping it real on pros/ cons, and a balanced perspective on how it could affect local markets
@Lucysil19704 ай бұрын
It doesn’t seem like the small profit you make is enough for all the hassles. Most of the people I know who make bank with rentals own many.
@nwalters74 ай бұрын
I remember when you were doing construction on the Palm Springs house. I enjoyed every single minute of it. I really want to meet you and take you out for dinner. You will know its me, when I yell, "HEY SHELBS!!!!!!"
@AB-tb7bt4 ай бұрын
That's the thing, depends on where you have an airbnb, Palm Springs is not really the type of location where long term renters rent.
@berniea.32554 ай бұрын
Where do you think the workers live? Restaurant, hotel, golf courses all have workers who need to live close to their jobs. There are 46,000 full time residents living in PS. Unfortunately, there are 3,000 vacation rentals which ate up the rental stock. Now they have a hard time finding workers who want to travel from Indio or further to their jobs. Talk about ethics.
@AB-tb7bt4 ай бұрын
@@berniea.3255 everyone needs somewhere to live, but doubt they'd live in a house like Shelby's though to be completely honest cause the rent is probably too high. Smaller airbnbs and apartments I can see being more of an issue being taken out the housing market.
@berniea.32554 ай бұрын
@@AB-tb7bt That is what people think but actually that neighborhood had many long term rentals that were filled with two income working families and small business owners. That is until vacation rentals came into existence in 2017. That business only grew and now there is no going back. Same story in a lot of towns which is why they have banned vacation rentals in most cities in this valley. By the way, a lot of those mid century modern homes are only 1200 sq ft.
@saratemp7904 ай бұрын
@@berniea.3255yes but more vacationers in a town bring more life and more money. They would have to build more apartments further out, for the people who service that.
@Ratan5064 ай бұрын
You definitely have my sub. This content is next level. For me Eledator was the turning point. Please keep doing what you do and keep being you, love it.
@carolschneid4 ай бұрын
Would be cool to follow up with the 5 benefits that no one talks about!
@ShelbyChurch4 ай бұрын
Good idea!
@NicksDynasty4 ай бұрын
We appreciate your honesty. I was thinking about starting one. Maybe rental arbitrage but will keep on thinking
@echozero_Ай бұрын
this is quickly becoming my favorite channel, awesome work Shelby!
@BrianPetersen-l2w4 ай бұрын
Excellent video, very informative.
@brentvance90904 ай бұрын
Why are you doing an LLC and an umbrella insurance policy? Genuine question. Otherwise great video! Love the honesty and transparency
@mikeshafer4 ай бұрын
I wanted to do Airbnb years ago but COVID kind of blew it up. Now, I'll continue to put $1000/week into Wealthfront across the automated investment, bond portfolio, and bond ladder and I'll never have to worry about tax loss harvesting or interest rates. I just sit back and make 6-10%/year. No Airbnb for me, it's too much of a hassle. I don't even like to rent Airbnbs anymore because they charge like $400 cleaning fee (and I have to do most of the work).
@davidkpalafox3 ай бұрын
2022: $65k - $28k = $37k 2023: $50k - $29k = $21k 2024: $30k (projected 63k) - 29k = $34k I believe you just didn’t do enough research on getting into the Airbnb business. Palm Springs was so over saturated & they limit how much you can make. Many suburban cities don’t….. you just thought you knew it all and I’ve been a watcher for many years now.
@stanley194304 ай бұрын
i love this honesty!
@marlamcdermott91143 ай бұрын
I’ve managed and cleaned my own AirBnB for 2 yrs and decided to get out of the game for all of the reasons Shelby mentioned. It’s too much work for too little reward and I’m grateful to have found good long term renters going forward.
@suriaya4 ай бұрын
Love hearing about your Airbnb and can't wait for more content on the Joshua Tree one too!
@geoffl2 ай бұрын
don't blame airbnb hosts for housing supply regulations. Without them, airbnb increases the incentive to build by raising the price of housing.
@janiceg76614 ай бұрын
Hi Shelby, good video. I stayed in one last week in my home town which is very expensive to own and I was visiting family. I think either the owners live in part of the house, a Victorian on the water or it was a monthly rental plus Airbnb. I know what I paid and I suspect they do well.
@देवेंद्रगाडगे4 ай бұрын
Thank you for your research. I find your videos are well done. RIght now I'm keeping an eye on Eledator
@PKDN2154 ай бұрын
Uh … you forgot to say bye! 😂
@kylecordes4 ай бұрын
I've never had a rental property, so I've never employed a property manager. But it seems weird they're messaging you to get the pool cleaned. Isn't it their job to find out the pool needs to be cleaned and make it happen?
@shervin72884 ай бұрын
What do you think about Big Bear?
@kristinchong629Ай бұрын
The internet frontier and its nerdy. The conglomerating. I don’t know what it is but it took like years to find your channel like something that had a bigger concept to thoughtfully do keeping in mind the bigger narrative and it’s weirdness. Can u tell I’m old and a lot. It really is nice to watch a channel that is doing the research for a broad audience and not overrelying on clickbait I don’t know KZbin but apparently it’s a very difficult course to do and like mainten. So thank you. Like I think she made the components so that a good chuck of people can build on. Yeah sure bruh tech dude he always getting the Lima but like at what point women just even white people can’t be hassled with the 2 3. Like just setting aside time for girls to believe in choice that more about independence and critical thinking than like spending spare time to make sure her boobs are fitted for a sports bra to actually do the thing that actually takes mentoring to do. Like yeah sure there’s girls scouts y’all to me it’s weird about cookies thing. I can not. Yeah gen z is different but I think they really bottlenecked them into whatever iteration they just lucky they have this notion they will go on the moon. Like huh let’s see those stem pipeline for girls please. In any case, like yeah real estate tech is really funky. And I think it’s just going to get more weird. Like I’m sorry overloading again and it’s not really like I know anything either. But yeah I think East Asians are pumping and dumping into whatever cause it’s so difficult for them to be taken seriously and have that social infrastructure they call it clout to be saucy but like really who wants to like in Fremont or San Gabriel valley. Like no one. So like yeah sorry to be a downer and I really don’t know what I’m talking about either but like it’s going to be super complicated. Like what’s the keystone pipeline thing. How do we like in mostly water but don’t know water infrastructure. Y’all. I do not know. Please someone make a cat game. I don’t know . But I do like real videos it’s just weird thing of like I didn’t know so I didn’t know to look for it. Thank you!
@BatmanEconomy4 ай бұрын
Great video as usual Shelby!!
@212121Omar4 ай бұрын
Soo well Explained!👌👌
@middleofnowhere994 ай бұрын
No property appreciation? equity? I'll bet it's hundreds of thousands since you bought?
@missn20214 ай бұрын
She mentioned that in a prior video.
@kelp714 ай бұрын
I started watching around the time you bought your STR in PS as we have some similarities. I love PS and grew up in the PNW, too. We have 15 doors, all LTR, and thought about investing in a STR, especially during the pandemic, but relieved we didn't. LTR have their cons too but STR are becoming less favorable.
@Constellasian4 ай бұрын
36 to 26 days? Wow. I'm glad mine is in a rural area and most of the nearby homes are also STRs. Aren't the LLC and STR permit write-off expenses though?
@Fivetimesthree4 ай бұрын
I think you could build a cabin or a small house somewhere more rural and it would make for great content/sponsorships and be ethical!
@marcelmp_4 ай бұрын
Hey Shelby, Im not an expert on this but check if you can have your LLC based in Nevada or Wyoming. You'll have better benefits and protection at lower fees
@megcreates2.04 ай бұрын
I still think you and Sam should just turn the air bnb into y’all’s actual home especially since your doing the air bnb in Joshua tree 😊
@Cybertruckin4 ай бұрын
Awesome video. Spot on.
@alone_not_lonely574 ай бұрын
Very informative, thank you.👍
@infinitelyblessed17784 ай бұрын
8:47 ruining the housing market for future generations. 💯 So glad to hear someone acknowledge that because I don’t think that a lot of people have connected those dots.
@HansMilling4 ай бұрын
If they actually allowed you to rent it out all year round, it would not matter that it’s an AirBNB, as people renting it would use the local shops, etc and you would not end up with an abandoned neighbourhood. So putting restrictions on AirBNB actual creates these dead areas if there are many houses of these kinds.
@saratemp7904 ай бұрын
Exactly. I don't get what the point is of those restrictions. Might as well have some people in there.
@briandeluca69083 ай бұрын
I like managing my own property because it gives me something to do while keeping as much money so I can scale
@briandeluca69083 ай бұрын
If you own the house, then the value will continue to go up while somebody else it paying for it. Historically houses appreciated more over the years than the stock market. So this strategy is more of a mid term long term bigger return if done right
@paspep3 ай бұрын
My big problem with airbnb is how people became bad in last years or so. Most travellers steal towels, pillow, soap, coffee.......little things that you cant complain about, if you do, they ll destroy you in the comments. And people expect too much, i rented a 5 bed place, on a river, including kayak, canoe, bbq, coffee, breakfeast, for 100$ per day (20$ per person)...and stll got 1 put 5 star for quality vs price.............forget it, do not rent to public worker, only rent to 55 y.o and older people
@auraarma4 ай бұрын
Love the transparency.
@FourthWayRanchАй бұрын
You have to live close by, have tools and be able to fix things. You guys are throwing your money away on the service providers
@SByoutube1232 ай бұрын
IF Air BnB hosts take a risk on a new person, but cancel as they find the new person hasn't fully registered with an actual photo etc, the Air BnB Host gets points taken off and charged for cancelling because of a dodgy booking. Its to risky to take a chance on a new booking.
@home-space4 ай бұрын
I like your honesty and candor
@saratemp7904 ай бұрын
How much could you rent that house for a long term? If you subtract all the taxes, fees and cleaning fees from Airbnb, I wonder how close it would be.
@markmcvittie58774 ай бұрын
Love the videos: Accountant fees for schedule C? I see your point that the passive income is less attractive. Your customers are helping you pay the mortgage and the property is appreciating which is the profit center. Subtract you business expenses from the property appreciation. Now you are smiling.
@hornz54 ай бұрын
Could you explain why it's a good idea to put the AirBnB under an LLC? Is it for liability issues?
@nirui4674 ай бұрын
In California the equity of most homes is quite good. So even if you are not raking it in with cash flow most would justify the investment based on building equity.
@Cat-qn1yw4 ай бұрын
Thank you Shelby for sharing all this Airbnb info! Previously you said that you were going to stop Airbnb and rent long term. Is that still your plan??? Love this video!🩷
@Jeroen744 ай бұрын
She would do that if a certain new bill was going to pass (SB-584 to be exact), but that will mostly likely never happen 👍
@jakeko4 ай бұрын
airbnb is now insane, why host are trying to change 1200 cleaning fees and want to make the client to clean the house, so why advertising a 150 a night then charge an insane cleaning fee at the end and we have to do the cleaning because host do not want to take care of their properties. That is why I always stay in hotels, or houses owned by hotels, you do not get hidden fees, I know that hosts are trying to avoid paying big taxes by deflecting the night values but really? and they still wants their 5 stars for that.
@brat321794 ай бұрын
Naturally these numbers are very specific to one person’s experience, and that’s not going to be every person’s experience (both good and bad). We own several short term rentals and have a pretty low bar that they have to make at least 8%, beyond all of the expenses, otherwise that money should be invested elsewhere. If they cant perform, they have to be sold. Letting yourself become emotionally invested, holding on to properties that are costing you money, is where you start getting yourself into trouble.
@toloveandrestore24724 ай бұрын
I am/was saving up for an airbnb and all the cities around had me banned it 😭 it makes it a lot harder to get started
@athenacarter67564 ай бұрын
Yea there are a lot of costs that the “gurus” never include in their calculators BUT there are quite a few benefits to owning an Airbnb - mainly tax reduction, equity, and using the home for your vacations. Get a cost segregation done since you earn so much with KZbin! It’s a game changer! Also, design your house for more resiliency - only built-in light fixtures, no outdoor cushion furniture, etc…
@bondnikunj3 ай бұрын
Hii shelby. Pls make an update on tesla's autopilot. Thing changed now so it would be interesting.
@ManInTheBigHatАй бұрын
Of the 10 airbnb stays I've had, only one or two was pleasant. And the last one was hell on earth. I'm so done with airbnb.
@atlanticx1004 ай бұрын
I thought that was the original concept of Airbnb to rent out a person's house when they were on holiday or like a spare room?
@penguingobrrbrr3534 ай бұрын
I hate airbnb and booking. I like long term because it can be really passive !. I dont like the idea of short term (my opinion)
@JT-mr3db3 ай бұрын
The “unlimited cap” comparison between Airbnb and a KZbin channel is a bit silly. Comparing to a long term rental is a bit more useful imo.
@googiegress4 ай бұрын
"Guests broke a blue ceramic dog" The dog: 👁👄👁
@johnpoldo88174 ай бұрын
Repairs can kill your profits because renters do care and often are abusive.
@l.a771019 күн бұрын
I know about a handful of people who have become millionaires in Texas, Flrorida, Georgia with AirBnbs
@RoboRope3 ай бұрын
I pay KZbin not to see ads. They really need to crack down on creators not identifying ads in these videos.
@nwalters74 ай бұрын
Shelbs!!!!!!!! I am going to rent your property in Palm Springs!!!!!
@Leiandal543 ай бұрын
On point!
@rustyrobinson80274 ай бұрын
Thanks Shelby 👍🇺🇸
@giselleless3 ай бұрын
I guess we are only seeing Airbnb to rent the entire house… but for me I think about it more like couchsurfing or room surfing… I mean rent the room for the night… and get something out of a home you are living
@saratemp7904 ай бұрын
Well I think there's a problem when you go too high end for Airbnb. So if you bought a cheaper house with a cheaper mortgage, in a cheaper area, you could probably still get a pretty decent nightly rate. And you would have to do the bookings and repairs yourself. Maybe not in California either. And then you would probably get a pretty good profit. It would be more work though. Edit- so like half the price of the house, you can charge half the nightly rate, you might get more bookings because people are usually looking for budget, you might end up ahead.
@Jeroen744 ай бұрын
I remember Monica saying in a 2020 vlog that AirBnB's turn a huge profit... _"...and these houses literally make you profit like not even pay your mortgage, we're talking like 40 50 60 grand extra you get to own"_ It didn't exactly work out like that :) I wonder where did she get those numbers from?
@brat321794 ай бұрын
The reality is they can make that much profit, but you need to do your research on where to buy and frankly Palm Springs isn’t it.
@bubbalashmeer35914 ай бұрын
Yea and now she says retired people (elders) don't need homes as much....
@GetItWithBecca4 ай бұрын
@@brat32179 you're spot on. Every time I watch videos like this it's kind of frustrating because it seems to be so black-and-white. Like either they're saying Airbnb makes tons of profit or it's not really worth it. In reality, it's both depending on how you do your research and the market you enter. I know firsthand that it can be extremely profitable.
@lacharmer4414 ай бұрын
Crazy how people give up their right to choose what they do with their own property to more authoritarian control by their own government! Wake up!
@tcfoxdude4 ай бұрын
It’s not the govt. It is local communities fed up with Airbnbs in the middle of residential zoned areas. Airbnbs are essentially a commercial use (they are motels). Airbnb goes against residential zoning laws. It’s what prevents someone from putting a gas station, a movie theater, or a car wash next to your house.
@jameswaggoner26464 ай бұрын
Tax prep is a write off as well right?
@heyaswinp4 ай бұрын
When it became a business, like AirBnB arbitrage, the business was doomed. Hope more units come out as a rentals for local residents.
@douglasmiller14674 ай бұрын
I always stay in a airbnb when I visit my daughter in LBC.