All Forum Posts by: Evan R.

Hey @Clint Cook

Welcome to Bigger Pockets, glad you could join us.

Vacation Rental managers charge a higher fees because of the extra work of managing a vacation rental. More work around check in and check out, communication with potential tenants, and cleaning between guests are extra work that typical property manager doesn't need to do*.

There are a handful of startups that handle aspects of the extra work VRs bring. BeyondStays and SuperHost come to mind. You can also coordinate with a local handyman and cleaning person to handle those aspects of the process.

@Valerie Rogers @James Davis @Kevin Dickson can you offer some wisdom?

*PMs need to do this stuff with longer term tenants, but the turn over process happens more frequently with vacation rentals.

Hey Y'all,

I crunched the numbers on the 108 airbnb listings in Temecula.

The average listing price per night is $111, and this includes room shares, and single rooms in someone's home, and whole houses.

The vacancy rate across the week is about 60%. This means that the average listing is unoccupied for ~4 days of the week.

You can see the spreadsheet here: Temecula9April2014VacancyRates.xls

Let me know if you have any questions. I can also recreate a spreadsheet that is more similar to what your looking at.

-Evan

Occupancy and nightly rate depend on the area. At what area are you looking?

Hey @Alan Miller

Can you share more information about the condo your thinking of purchasing? Things like bedrooms, bathrooms, approximate location, etc. I can run some comps from Airbnb, and give you an approximation of what other people are making from their nearby vacation rentals.

Thanks

Most of the crack down by municipalities on short term rentals comes about because of complaints initiated by neighbors.

If you are respectful, and your guests considerate of the neighbors and neighborhood, then they are much less likely to complain to the city.

Here is a home away thread of people talking about their experiences interacting with the various bureaucracies in LA: http://community.homeaway.com/thread/3031

How goes the move, @Kile Exley ?

@Andrew Potievsky and @Raquel L.

On all the airbnb listings, there is a tab for the calendar, which shows when the listing is vacant. This is where I get the data. When I put all the data in a spreadsheet, then I can calculate the average, and other things.

AirBnB doesn't give up the gender of the hosts, you need to guess at it from the name. Raquel: female, Peter: male, Alex: 86% male.

Search could be better on airbnb. According to a recent blog post, they recently improved it, but I'm not seeing it.

On airbnb, you can create a special offer that differs from your usual price for potential guests. Talk to your to stay and leave you reviews. Your rank of listings in search is determined by many factors; reviews, your activity on the site, price, etc.

Hey @Raquel L.

I crunched the numbers on all 267 of the 1 bedroom, 1 bathroom entire apartment listings in West Hollywood on AirBnB.

The average per night price is $128/night. For the next week(April 4th to the 10th), the vacancy rate is 35%. The vacancy rate is more accurate than occupancy rate because a unit is shown as occupied whether it's occupied by an airbnb guest, or the host's family.

Some of the listings accommodate up to 6 people. Many listings charge more for extra people. Accommodating more people can get you more money, but large groups are liability to throw parties.

I've compiled all the listings and their calendars into a spreadsheet. You can get it here: WeHo4April2014VacancyRates.xls

It's a lot of data, if you have questions, reply!

@James Davis

It's going to cost you about $45k to evict your tenant.

According to a recent article in the SF Gate,

"To avoid the expense and unpredictability of a jury trial for eviction, Lam said he paid the tenant $45,000 to move out."

AirBnb sublets in SF land some renters in the doghouse.

@Kevin Dickson an interesting aspect of the AirBnB Portland deal is the new AirBnB office in Portland.

On the 14th, word broke that AirBnB is hiring 160 employes for customer service and support for their 27,000 square foot office downtown. Link to article in the Oregonian.

While they aren't getting any incentives to locate in PDX, it comes on the heals of their 'sharing city' initiative.