We knew a few people with them. One couple had two. All have sold them in the last few years

Apr 29, 2024
11:44:11am

Mike Honcho All-American

They weren’t making enough on them and could sell them for more than they’d make in several years of renting. One of them was in a city that I think made airbnbs effectively illegal

Report problem with this ad

Mike Honcho

Previous username: BYUCoug11
Bio page: Mike Honcho
Joined: Feb 27, 2011
Last login: May 16, 2024
Total posts: 54,089 (10,344 FO)

Report problem with this ad

Messages

Author

Time

I feel like I know so many people that own Air Bnbs or VRBOs across the country

boorad

Apr 29, 11:39am

Every single person I know who owns an Airbnb tell me they are almost always

Idacoug

Apr 29, 11:41am

My sister and her husband have a cabin in Southern Utah that they Airbnb when

Coug98

Apr 29, 11:45am

I have seen exactly the opposite

2FarGone

Apr 29, 11:54am

And….where are you located?

Idacoug

Apr 29, 12:47pm

Location, location, location.

scall

Apr 29, 12:03pm

Trying to buy a vacation rental would be really challenging right now. Supply

johnnybyu

Apr 29, 11:42am

The thing about real estate, like precious metals, they're not making more of it

Revolution

Apr 29, 11:43am

As for vacation rentals they are making more of it and fractioning them

johnnybyu

Apr 29, 11:45am

We knew a few people with them. One couple had two. All have sold them in the last few years

Mike Honcho

Apr 29, 11:44am

this is my main concern,although I have no interest in the AirBNB or VRBO scheme

BYUFBDAD

Apr 29, 11:50am

It's a timing thing. Our neighbors own one outside of Gatlinburg, TN. They

macdizzle

Apr 29, 11:45am

Prime location and unique vacation rentals will always be successful

rad dawg

Apr 29, 11:50am

The pros are still making money. They know the market, crunch the numbers,

Corn Pop

Apr 29, 12:02pm

I stopped booking with Airbnb because the cleaning fee was equal to another day

TexanY

Apr 29, 12:14pm

The tax benefits have to be considered as well

Medute

Apr 29, 12:14pm

There is depreciation expense that often creates a loss but there are rules on

johnnybyu

Apr 29, 2:37pm

You can greatly accelerate depreciation by doing a cost segregation analysis

marcusaurelius

Apr 29, 3:14pm

Yes, this all sounds like exactly what I was being told

Medute

Apr 29, 3:40pm

Active investors rules would apply needs to be main job or limit of 25k and

johnnybyu

Apr 29, 7:21pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad