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Updated about 10 years ago on . Most recent reply

Account Closed
  • Cleveland, OH
20
Votes |
67
Posts

Airbnb.com Who has used it? Good idea or Nah?

Account Closed
  • Cleveland, OH
Posted

I was thinking about perhaps converting one of my rentals into an Airbnb.com spot.

But before I do anything stupid or out of the ordinary I wanted to do a little research and find out if anyone else has done this and what are their results?

Questions:

How much does Airbnb.com charge?

Will this be a long term solution if you only need to rent your property 10 days outta the month to cover rent for a whole month if you signed a lease?

Any personal experiences from anyone on this site?

Thoughts?

Okay I am rambling now.

Most Popular Reply

User Stats

63
Posts
14
Votes
Catherine W.
  • Investor
  • Columbus, OH
14
Votes |
63
Posts
Catherine W.
  • Investor
  • Columbus, OH
Replied

We are in Columbus and didn't think it was a tourist destination at all but we live in the best neighborhood and can walk to many bars and restaurants. Turns out people come for much more than just the events at the convention center.  Its not considered passive income so there are tax implications that come with that. You also need to treat it like a hotel and provide as much or more than they do. Create a things to do booklet for the guest. Have comfy linens and towels. Price yourself as a value alternative to the hotel so if a one bed is 150 a night yours should reflect a value alternative. Such as 3 bedrooms for 250 or something like that. 

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