Short term rental market implosion?

[Steven Ko]

I read on Twitter that someone’s roommate is a super host on Airbnb and has 10+ mortgages/lease agreements. They are on an Airbnb forum and there are many of them in the same situation. I listen to str podcasts and this is a very common “no money down” strategy. They would be okay with paying market rates on Zillow because the cash flow was so good but now 0 cash flow. Some people pay above market rates for rent to sway landlords to allow them to Airbnb. Really interesting to see what will happen.

[Jay Hinrichs]

Originally posted by @Joshua Myers:

@Jay Hinrichs do you remember what Hotels/Casinos? I’m not opposed to using some stimulus money to help out the casinos this summer.

I just posted on another thread were it looks like most LTR should be ok with all the stim money.. But the real risk is once they get it what do they do with it.. ????  would have loved to see Uncle have some sort of provision that if you got the money it went directly to your mortgage company or your landlord.. 

set up a website log in.. name your landlord and their bank info.. govmit does like they do with sec 8 and the money appears in landlords account.. wishful thinking I know.

google vacations Vegas there will be plenty of smokin deals.. same with Hawaii and for the east coast folks that tend to go to FLA or Carib those destinations should have some great deals too.. and of course AIRBNB owners I suspect will be trying hard to get clients back with specials

[Billy Smith]

I heard Denver area was hammered in the short term rental market .Seen nothing around KC about it .