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Updated almost 7 years ago on . Most recent reply

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204
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Larry Flanagan
  • Investor
  • Midwest, USA
33
Votes |
204
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Would you VRBO your primary residence?

Larry Flanagan
  • Investor
  • Midwest, USA
Posted

I'm going overseas for a month this summer and wonder if I should rent out my house during that time.  Would it be weird staying at a stranger's house with all their personal effects?  I'm not that concerned about people taking stuff but I suppose that risk is there.

Most Popular Reply

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19
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22
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JJ King
  • Raleigh NC
22
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19
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JJ King
  • Raleigh NC
Replied

Hey Larry! Renting out your house is a great idea. Assuming you have already thought about the logistics like cleaning, check in etc, so I won't touch on that. What would like to mention is that I'd recommend Airbnb over VRBO for hosting and here's why: 

  • UX: Airbnb is much more user friendly to create an account and list a property.
  • Liability: VRBO provides no insurance / damage protection. Airbnb has both liability insurance and a host guarantee (actually getting the guarantee requires you to jump through hoops with tons of documentation, but better than nothing.) 
  • ID Verification: VRBO does no identification verification, anyone can make a profile and book with a fake name and number. Airbnb requires government ID and other verifications in order to book. 
  • Reviews: No reviews or profile pictures are the norm on VRBO. Airbnb reviews are more reliable and common, the platform is built on it. 
  • Chargebacks: We've had people stay through HomeAway/ VRBO who used stolen credit cards and we didn't find out until long after their stay when the actual credit card owner did a chargeback, leaving us with nothing. Airbnb collects payment and pay you, so you don't need to worry about chargebacks. 

Now I'm not saying Airbnb is better than HomeAway in all instances, but for a person just renting out their home and not running a full time business, I would highly recommend Airbnb over HomeAway. One thing to consider though, Airbnb does weigh heavily in the guest's favor. If your guest is unhappy with anything about your property, chances are they will win. Just make sure to set accurate expectations and offer a clean space. 

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