All Forum Posts by: Ian Tyndall

It’s not just Airbnb or VRBO. It is all platforms and there is a name for it:

https://en.wikipedia.org/wiki/Enshittification

Hello, I am considering resubscribing to AirDNA based on some of their new features and was wondering if anyone has any luck with a promo code?  

Even if you don't have a promo code, but have a referral link, I am happy to click that to help out.

Thanks!

 Monthly rates are a mix of variable and fixed costs based on the number of properties; with three properties here is what I pay (published rates):

Hospitable $72

Pricelabs $50

Intellihost $59

Canva $14

Open ai $10

Houfy $11

$216 * 12 = $2,592

John, 

I am managing 3 properties and spend on the following:

Hospitable 

PriceLabs

Intellihost (for click rates and pricing optimization)

Canva

OpenAI

Houfy for direct websites

There is no issue that I can think of regarding taxes. You report your total revenue from all sources and then deduct your cleaning expenses for income tax reporting. There isn’t any special treatment for this. 

Similar situation. My spread is negative. Make it up in the ADR

I think this can help your short-term rental really stand out. A low-cost way to do it would be to paint the walls, the garage door, and close off any access to utilities. We just put down some rugs and painted a mural on one of the walls for interest. Instead of using arcade games, we decided to put into 50 inch TVs in an Xbox and a PlayStation five with game pass on them. We also put some gaming chairs and a couch and a table for classic style Families love this set up because they can leave the kids in the game room and then have fun playing on the pool table or other parts of the house that they’re younger children playing in the game room a mini split to help with temperature control and get really cold at night and really hot in the afternoon in the summertime. The mini splits probably the biggest expense.
https://www.dahliadelsol.com/

The 1% release will put a trophy icon listings that are in Airbnb's top listings globally.

If there are and estimated 7 million listings, then there will only be 70,000 listings getting this designation.  If you get it, then I bet you will get great traffic to your listing and be able to command a higher ADR and occupancy.

It is probably happening already today in Airbnb's algorithm, but hosts and guests don't explicitly see it.  If I were to guess, it will go to every listing on the homepage for each of the categories.  There are currently 60 categories.  Each page has 20 listings.  That would be 1,200 listings right off the top.  Airbnb has room for 3,500 full pages of 1% listings.

Overall, I think it is likely a good thing.  It will help us assess where the "bar" is in terms of competition and what consumers are looking for on the platform.

There are some complicated rules regarding the circumstances in which you can qualify for the STR deduction against your W-2 income.

A cost segregation study will assess that value of the components of the property you purchase. As you noted the land is removed from the equation. So is any asset that has a useful life of more than 20 years, such as the building.

What you can deduct are things like wiring, plumbing, window treatments, cabinets, windows, etc. During a cost set study and expert will document and assess the value of every component of the property and produce a report  that itemizes the value by asset life.