All Forum Posts by: Myka Artis

Yes, Airbnb's stock price has plummeted and guests are leaving the platform for hotels due to the "hidden fees" by Airbnb so with the winter release they had to do something to cater to both the host and the guest. The guest gets to see the total price while the host can now easily remove unfavorable reviews. Airbnb's algorithm took a major change and a lot of vacancies started to happen across the board. I personally took advantage of it and started running Google ads toward Airbnb's SEO to get direct bookings. Airbnb taking the brunt hit is actually a good thing for STR operators.

We have to start keeping short-term rentals separate from Airbnb. Airbnb is just a listing platform. If true STR operators wanted to protect short-term rentals they would be building a brand where customers can book direct. Just use Airbnb as a lead generation tool.

Not true. Demand was up 21.1% YOY in 2022.

I didn't say demand was down.

True, but you said “guests are leaving the platform” which in the aggregate is not true and paints a misleading picture.

Oh, they definitely are. Airbnb's winter release painted that picture as clear as day. The showing of the total price was a guest win-back attempt. Their stock price plummeted in Q4 which was the same time they released their winter release. My direct bookings are up 60% since the release. Airbnb's total price trick actually resulted in Airbnb showing its hand. Airbnb's service fee is what guests truly didn't want to pay and they were able to see that after seeing their total price in comparison to booking with hosts directly. Airbnb's stock price can't be plummeting while Airbnb demand is going up.

Airbnb demand and short-term rental demand are two different categories.

Every growth stock is down a ton over the last year. ABNB is down less than AMZN or GOOGL. This is just growth stocks re-adjusting to more realistic multiples after everyone foolishly thought Covid growth was going to last forever and way overbought growth stocks to unsustainable multiples.

Airbnb demand can absolutely be going up while the stock price is going down. It's just such a bizarre statement to say they can't. There are dozens of different ways a company's stock price can go down while its demand/revenue is up. And it happens hundreds of times per year.

This very well can be the case I'm no stock market expert but I do watch Airbnb's stock, media, and algorithm closely. In this case, they have let us know that they are focusing on guest and host retention with their winter release. I don't think it would be a focus if both hosts and guests were satisfied this quarter.

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Quote from @Trent Reeve:

word out of the STR conference in Vegas is that Booking.com is revamping to make a bigger play in the market. I know most people have avoided Booking.com in the past due to their issues. I think they see the market share AirBNB has and the dissatisfaction with their hosts and are making their strike. Will be interesting to watch

I 100% agree on Booking.com. They have revamped to be a bigger play and they are now cracking down on the scams on their site with the Booking.com payouts feature. I've been getting a majority of my bookings through Booking.com, VRBO, and direct this month since Airbnb has decided to change their algorithm and cater to those with no cleaning fees in metro markets. Id definitely suggests getting on there.

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I just inboxed you my handyman's info in Little Rock. He takes care of all my rentals in the area.

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Little Rock, Arkansas

@I Sami Siddiqui it depends on your goals. If you’re just looking to get your property on all the major OTA’s you can get something as simple as Guesty For Hosts. If you’re looking to get your property out there on all major sites, google Vacation rentals, lock integrations, and the full package then I would suggest something like Hostfully.

1 Vote

Hello Dylan!

It depends on your goals. Section 8 is going to give you cash flow and equity. Arbitrage is going to give you cash flow.

I do arbitrage and I'm finishing the rehab on my first section 8 rental now. What are your goals?

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Orange County, California

@Luz N Taveras yes a direct site, guest data collection, strong social media page, and a google my business page are a must. Yes if you can utilize your current site with your hospitality brand that would be a great idea.

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Tempe, Arizona

I'm pretty sure you can. All of my Canadian properties are paid out to my US bank account. You can find your routing number online.

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Orlando, Florida

Short-term rentals are not declining. Airbnb is declining with guests leaving and sophisticated hosts creating their own brands. Mid-term rentals are in the same boat. If you don't have a hospitality brand and are dependent upon the OTA's you might find yourself a part of the #airbnbust as well. Mid-term or short term you are in good hands just make sure you create a good service, and brand, and cater to your target clientele.

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Tempe, Arizona

I invest in Little Rock myself and finishing up a rehab this month. We use prop stream to create lists and then we cold call/text. I don't live in the state so I have boots on the ground to walk the property for me. I don't use Reicallcenter but I've heard good things about it.

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Little Rock, Arkansas

Best books to get started
Avery Carl's Short-Term Rental, Long-Term Wealth
Julie George's Million Dollar host
Dave Mencel's The Vacation Rental Bible

Advanced Books when you're ready to turn it into a full-blown short-term rental machine
Profit First
The Book Direct Playbook
The Book Direct Workbook
The Book Direct Blueprint

Youtube Channels
Sean Rakidzich

Podcasts
Live Let Thrive - Myka & Steve
Hospitality Cash Flow - Noble Crawford
The Big Break - Rafa Loza
Short-Term Rental Secrets - Mike Sjogren & Emanuele Pani
Get Paid For Your Pad - Jasper Ribbers

All of these free resources will get you to a 6 figure short-term rental income in 3-6 months.

1 Vote

San Jose, California

All Forum Posts by: Myka Artis

Myka Artis has started 35 posts and replied 546 times.

Post: Short Term Rentals Slowing Down due to Negative Media Coverage??

Post: AirBnB Hosts have had enough?

Post: Handyman Needed in Little Rock Arkansas

Post: Who do you recommend for Property Management Systems (PMS)

Post: Section 8 vs airbnb arbitrage

Post: #Airbnbbust: MTR surplus??

Post: Setting up payout in Airbnb for US rental with Canadian Bank

Post: #Airbnbbust: MTR surplus??

Post: Off market deals help

Post: Newbie, seeking best courses and books for short term rentals