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Updated over 7 years ago, 06/02/2017

User Stats

45
Posts
31
Votes
Jordy Clark
Pro Member
  • Investor
  • West Jordan, UT
31
Votes |
45
Posts

AirB&B your own home?

Jordy Clark
Pro Member
  • Investor
  • West Jordan, UT
Posted

Does anyone put their own house up for nightly rental, and when it rents, take a quick "staycation" and take profit and reinvest into their long term portfolio?  We decided to give it a try, just built a big beautiful 5/3 3500 FT home and would be open to taking off with little to no notice to make extra money.. wanted to see if anyone else did this? 

  • Jordy Clark
  • User Stats

    94
    Posts
    42
    Votes
    Natasha Keck
    • Investor
    • Mountain View, CA
    42
    Votes |
    94
    Posts
    Natasha Keck
    • Investor
    • Mountain View, CA
    Replied

    I don't Airbnb my own place, but just read this amazing blog post on Bigger Pockets entitled "Airbnb Disasters - Is that blood on the ceiling".  It would make me re-think putting up my own house for a nightly rental!  

    User Stats

    7,695
    Posts
    7,856
    Votes
    Caleb Heimsoth
    • Rental Property Investor
    • Durham, NC
    7,856
    Votes |
    7,695
    Posts
    Caleb Heimsoth
    • Rental Property Investor
    • Durham, NC
    Replied

    I have a friend who does this with his parents in the house he grew up in. His parents still live there even though he doesn't. He makes around 300 a month for simply maintinaing tje Airbnb app. His parents clean the room and everything else

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    User Stats

    273
    Posts
    217
    Votes
    Blair Russell
    • Investor
    • Las Vegas, NV
    217
    Votes |
    273
    Posts
    Blair Russell
    • Investor
    • Las Vegas, NV
    Replied

    I have gone to visit places I have properties and planned on sleeping their and do maintenance, but I never block off the Calendar for that so I have basically been bought out and made a bit since hotel costs were much lower.

    User Stats

    544
    Posts
    298
    Votes
    Sean Walton
    • Wholetailer & Architect
    • San Francisco, CA
    298
    Votes |
    544
    Posts
    Sean Walton
    • Wholetailer & Architect
    • San Francisco, CA
    Replied

    That's how I got started in real estate investing. It is a great way to dip your toes in without committing to being a landlord. There are so many places to stay on airbnb that there are bound to be horror stories but I'm sure it is a very small percentage. I've never had problems. Airbnb has a large insurance policy but I don't think it covers artwork so if you have any expensive art that is something to consider.

    User Stats

    483
    Posts
    384
    Votes
    Ken Breeze
    • Investor
    • Phoenix, AZ
    384
    Votes |
    483
    Posts
    Ken Breeze
    • Investor
    • Phoenix, AZ
    Replied

    Absolutely. Making more money '4 Hour Work Week' Style with travelers than my day job.

    User Stats

    45
    Posts
    31
    Votes
    Jordy Clark
    Pro Member
    • Investor
    • West Jordan, UT
    31
    Votes |
    45
    Posts
    Jordy Clark
    Pro Member
    • Investor
    • West Jordan, UT
    Replied
    Originally posted by @Sean Walton:

    That's how I got started in real estate investing. It is a great way to dip your toes in without committing to being a landlord. There are so many places to stay on airbnb that there are bound to be horror stories but I'm sure it is a very small percentage. I've never had problems. Airbnb has a large insurance policy but I don't think it covers artwork so if you have any expensive art that is something to consider.

     Yeah we flip 2-3 times a year when the right opportunity shows up. We have owned a few long term rentals, but have focused on growing our businesses for the last two years. They are both much more stable now and we are ready to start acquiring properties again. 

  • Jordy Clark
  • User Stats

    45
    Posts
    31
    Votes
    Jordy Clark
    Pro Member
    • Investor
    • West Jordan, UT
    31
    Votes |
    45
    Posts
    Jordy Clark
    Pro Member
    • Investor
    • West Jordan, UT
    Replied
    Originally posted by @Ken Breeze:

    Absolutely. Making more money '4 Hour Work Week' Style with travelers than my day job.

     Ken, how many nights a month is your personal place rented? Do you do a few night minimum? 

  • Jordy Clark
  • User Stats

    45
    Posts
    31
    Votes
    Jordy Clark
    Pro Member
    • Investor
    • West Jordan, UT
    31
    Votes |
    45
    Posts
    Jordy Clark
    Pro Member
    • Investor
    • West Jordan, UT
    Replied
    Originally posted by @Blair Russell:

    I have gone to visit places I have properties and planned on sleeping their and do maintenance, but I never block off the Calendar for that so I have basically been bought out and made a bit since hotel costs were much lower.

    Yeah that was my thought, it's just me and my wife and two yr old daughter so we can go stay at a hotel for $125/night and I think we can get $450-500/ night for our house 

  • Jordy Clark
  • User Stats

    73
    Posts
    58
    Votes
    Jon Ree
    • Investor
    • Philadelphia, PA
    58
    Votes |
    73
    Posts
    Jon Ree
    • Investor
    • Philadelphia, PA
    Replied

    Renting out our personal home is how my wife and I started with airbnb. I installed a lock on a closet door where we would put all our personal items when we rented out the house. It was great for income and all our guests were great, but it did get a little exhausting for us. There are times when the pricing value can totally be worth the hassle of packing, cleaning, and moving (like when the pope visited philly), but for ease of life, we ended up just renting out that property to a long term tenant. It was a fun experience though.

    User Stats

    227
    Posts
    364
    Votes
    Ethan Cooke
    • Rental Property Investor
    • San Francisco, CA
    364
    Votes |
    227
    Posts
    Ethan Cooke
    • Rental Property Investor
    • San Francisco, CA
    Replied

    @Jordy Clark My family AirBnB's our 4/2 home in San Francisco for $325 a night anytime we leave town for a week or more. Agree with @Jon Ree, it's worth it only for several nights, not just a weekend. We have a 4-night minimum and give a weekly discount. Terrific way to make extra income. This summer we will house-sit/pet-sit for a neighbor for 2 weeks in July and AirBnB our place. Nice way to make the mortgage payment!

    User Stats

    483
    Posts
    384
    Votes
    Ken Breeze
    • Investor
    • Phoenix, AZ
    384
    Votes |
    483
    Posts
    Ken Breeze
    • Investor
    • Phoenix, AZ
    Replied

    @Jordy Clark any where between every weekend to all month.

    User Stats

    45
    Posts
    31
    Votes
    Jordy Clark
    Pro Member
    • Investor
    • West Jordan, UT
    31
    Votes |
    45
    Posts
    Jordy Clark
    Pro Member
    • Investor
    • West Jordan, UT
    Replied

    Thanks for all the replies, Ive taken a few photos, waiting on my photographer to come out. What tips can you guys give me on making my listing as successful as possible? Link below

    Our First VR

  • Jordy Clark
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