I just think you're responsible for insuring against all activities that you know are taking place in the property

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Dec 5, 2018
6:47:23am

mulletino Cholula Aficionado

Whether or not you're the one fully benefiting from them. Maybe the additional cost is passed on to your tenant.

This message has been modified

Originally posted on Dec 5, 2018 at 6:47:23am

Message modified by mulletino on Dec 5, 2018 at 6:47:52am

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mulletino

Previous username: BYU-Provo
Bio page: mulletino
Joined: Feb 21, 2002
Last login: May 24, 2024
Total posts: 58,193 (12,379 FO)

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Messages

Author

Time

Airbnb has got to be among the most economically efficient innovations ever.

BeefNoodleSoup

12/5/18 12:29am

Sounds like an expensive property manager.

garyfan

12/5/18 12:33am

Naw, the rent I collect is probably max. I wouldn't be able to make as much as

BeefNoodleSoup

12/5/18 12:47am

Wouldn’t you make so much more money by using your rental as an Airbnb?

byulove

12/5/18 12:35am

It's probably a "how much do I wanna think about this" thing

Cashmeousside

12/5/18 12:38am

Airbnb actually takes considerable time, which I don't have. But now that I know

BeefNoodleSoup

12/5/18 12:39am

That is trailers work, squeeze every last drop. Gu

calvindyer

12/5/18 10:53am

That's why I put a two-night minimum and bought myself a robo mop

BeefNoodleSoup

12/5/18 11:16am

Could be an insurance nightmare at some point. The liability of a renter renting

JAGA97

12/5/18 1:11am

Just get a short term rental coverage endorsement. Easy.

mulletino

12/5/18 1:30am

The renter or the landlord?

BeefNoodleSoup

12/5/18 2:08am

Landlord. Update your policy.

mulletino

12/5/18 6:34am

Thanks

BeefNoodleSoup

12/5/18 6:37am

I just think you're responsible for insuring against all activities that you know are taking place in the property

mulletino

12/5/18 6:47am

It's not that easy. BeefNoodleSoup is the owner of the property but he is not

JAGA97

12/5/18 2:33pm

It’s economically efficient as long as you don’t consider what it does to home

Y2k

12/5/18 1:49am

NNothing artificial about it. The true value of the home needs to factor

BeefNoodleSoup

12/5/18 2:07am

Area you trying to say people are not buying 2nd and 3rd homes right now at

Y2k

12/5/18 10:17am

In 2008 home prices were rising like mad and homeowners used the equity of th

BeefNoodleSoup

12/5/18 11:12am

Wait a few years. I live in an area that’s in high demand. You see neighborhoods

Y2k

12/5/18 11:58am

According to this study a 1% increase in Airbnb listings increases home prices

BeefNoodleSoup

12/5/18 12:55pm

Hotels are an old stilted industry with high taxes. Gov't will either shut down

rcbyufan

12/5/18 7:25am

Or use zoning so you can have commercial areas and residential areas.

Y2k

12/5/18 10:12am

To pay for the whole rent? His share of 3 rooms

Blue Ghost

12/5/18 7:33am

Yes

BeefNoodleSoup

12/5/18 11:01am

You should be taking a cut of the Airbnb revenue, if you aren't. No reason

Iman23

12/5/18 7:46am

I kind of am because he's paying for the rooms

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