I own a 3 bedroom house in a big metro area in a flyover US state. It’s not a real popular destination but we have students and also foreigners that all of the big local companies are bringing in to work at their offices. I want to rent it out on Airbnb to fund my travels around the world or live abroad.Is it still lucrative and a good money maker? How much could I potentially make each month?
>>2824258Good luck dealing with all the druggies and homeless squatters
>is it lucrativeNot really. Since it's a flyover state you won't be getting rich tourists, you'll be getting unsavory types just looking for a place to stay, or people looking for a place to host a party. Usually they'll be black and they'll invite lots of people and they'll trash the place.
>>2824258No, prepare to deal with niggers and budget travellers trashing your place. This is already true in tourist destinations, but especially true if you're in some flyover town that nobody visits except if their itinerary forces a stop.
>>2824258Give one bedroom to a trusted associate who will live on-site, handle all housekeeping and keep the guests in line. He or she will get free rent and receive a percentage of the revenue from each reservation as payment for services rendered. List the other two bedrooms individually as private rooms on airbnb. Good luck.>>2824264As this anon says, the only people looking to rent an entire three-bedroom house for a couple nights from an absentee owner are gonna be party animals.
>>2824268>>2824283airbnb has a review system you can see guests reviews from prior staysif they trashed places or threw parties they would get bad reviews, you would see that, and could choose not to approve them, they would have to be doing it as a one time only thing and you could also not approve people who don't have prior reviewsa lot of people use airbnb to avoid being crammed in hotels with 50 other noisy people + access to a kitchen
>>2824258As someone who has been doing this for years let me tell you: you won't be earning enough to fund travels anywhere.Airbnb penalizes you for not approving every single guest that wants to book with you. Not that it matters much since you're going to want to have Instant Booking turned on anyways, inquiry-to-booking conversion rates are abysmal.
>>2824301penalizes you how?
>>2824304If you want to be a Superhost like myself you need a couple of things>at least 10 stays during the period between your last and future evaluation (this is the easy part)>greater than 90% acceptance rate for guests>less than 1% cancelation rate (I wish I was kidding)If you don't accept at least 90% of the guests that want to book you lose Superhost status
>>2824304There was a big deal years back about airbnb hosts refusing to rent to you-know-whos. Unfortunately, such discrimination is illegal in the JewSA, and as a leftist company based in San Francisco, airbnb is all about eradicating systemic racism. https://news.airbnb.com/sixyearadupdate/>>2824301>inquiry-to-booking conversion rates are abysmalIn what way? People request to book and then cancel shortly after you approve them? All the airbnb hosts I've booked from (except one, IIRC) required me to submit a booking request with a message to the host.
>>2824314Almost all my succesful bookings are instant.Most inquiries just end up nowhere, typically they end when I respond to some inane question the guest has about the listing (which they would know if they actually read the listing details) and they stop responding.
>>2824311ok but I literally don't care if a host is a "superhost" I care if the listing isn't creepy, seems like a real person/real place, no arcane rules or insane hosts, photos that show every room you would use (bathroom, bedroom, kitchen, exterior)etc. who the fuck cares about someone being a superhost and why it's just a pointless honorarium
>>2824315most airbnb listings are set to "request to book" meaning I have to message them some shit so they can check my reviews as a guest, then decide to approve me or not, and if they do then I pay when they approve me.
There’s no such thing as passive income. You either run the thing yourself and enjoy the healthy, modest profits or you pimp that out to a management company which leaves you with a trickle. In the latter case at least you are still building the equity, but for most property investors this is untenable. It’s why institutional investors are having such a field day in the space, ironically enough Blackrock is actually LESS greedy than your average landlord/Airbnb host.What can you do is take lines of credit out against your properties and pay them with the revenue stream. That will require you acquire more properties though, or eventually the whole thing goes supernova. So it becomes grow or die. If you are looking for a touching sort of silver lining look at it this way: you’ll have become a microcosm for our western economic model of a population growth ponzi scheme. Hov said it best>mo money, mo problemsYou can try tenants. Less money but it’s less work. Downside is one bad tenant can basically ruin your life.
>>2824321Good guests go to good hosts. In this space a high per night cost is less about making more revenue per night (you actually make about the same money in most markets) but more about keeping out lowlifes, nogs, druggies etc.You are crawling over every other host in your region for the considerate white traveler. To them, shit like superhost does matter.
>>2824258Rented out a room in a major European city for toursm (not infested with jeets and nogs). Wanted my rent paid so I could work less and chill the fuck out.Tried aiming for maximum occupancy. Yolo'ed and had instant booking on. Think I turned off 1 night stays and booking shit last minute unless I needed cash and had fuck all going on.Had relatively low daily rate, but hiked up cleaning fee to incentivise longer stays, as free time was worth more to me than extra cash beyond one point.Keeping shit clean and welcoming enough to get superhost while living there and trying to have a social life was a fucking ball ache. Always was hovering on the edge. Always the cleanliness getting fucking 4s. The fucking city put scaffolding up on the building and started working on it which raped my ratings. Put prices REALLY low and barely stayed afloat.Partied with 33% of guests and got shitloads of free drinks for showing them around. Had a drug fuelled night with a (much) older woman once, which was epic. Worst moments were cleaning up with mates after huge parties/binges and trying to get everything ready in time while being awake for the 2nd night.All in all, fun when you're like 25 for a year or so, but eventually realised it's just a bit shit. Waiting around for cunts to check in was the worst.
