VRBO isn't the devil after all. The Airbnb Experiment concluded in December with pretty good results. We made about $12K in net revenue for the year (revenue after expenses such as dues, utilities, taxes, maintenance and supplies). With a mortgage on the property (about $718 goes to the bank each month), the take-home cash for the full year was about $5.5K. From a cash-on-cash … [Read more...] about The Airbnb Experiment: Results Are In!
Build Wealth with Vacation Rentals (e.g., Airbnb)
I’ve been a student of early retirement since the fall of 2014. During that stretch, most of my focus has been on long term rentals. We own four single family homes that generate a decent return of 15% and $500 profit each month. What if there's another real estate option that can yield even higher returns, with just a little more work involved? Enter, the Profitable Vacation … [Read more...] about How to Establish a Profitable Vacation Rental: The Definitive Guide
A little over half way into the 2018 Airbnb experiment, a few things are becoming clear: 1.) Guests, by and large, are pretty dang decent people. 2.) Regardless of item 1., the folks who live at the condo units full-time simply don't like the steady stream of new people coming and going. What's an Airbnb host to do? I got wind of this after the recent board meeting of our … [Read more...] about Airbnb Nightmares
The expenses just keep rolling in. Was I naive to think this experiment would be all roses? At the mid-year point of the year-long experiment, let's take stock in Cubert's Airbnb return on investment. So far... Spending money. It's an easy thing to do. Credit cards are such a joy. You don't even have to worry about the mag-stripe working anymore. Those fancy embedded chips … [Read more...] about Airbnb Return on Investment: Still Holding My Breath
I have a confession to make. I host on VRBO. Within a few weeks of getting the Airbnb Experiment ready for prime-time in January, I fired up a VRBO.com account. Talk about swallowing a big fat pill, sideways. Vacation Rentals by Owner has been around for a while. They had established themselves as the go-to place for week-long (and longer) summertime rentals. The interface … [Read more...] about VRBO: My Dirty Little Secret (An Airbnb Experiment Story)